Question: please hep me with this question, i will give up vote. thanks. On January 1, Year 1 , Phillips Company made a basket purchase including

please hep me with this question, i will give up vote. thanks.

On January 1, Year 1 , Phillips Company made a basket purchase including land, a building and equipment for $380,000. The appraised values of the assets are $20,000 for the land, $340,000 for the building and $40,000 for equipment. Phillips uses the double-declining-balance method of depreciation for the equipment which is estimated to have a useful life of four years and a salvage value of $5,000. The depreciation expense for Year 1 for the equipment is: Multiple Choice $9,500. $19,000. $17,000. $20,000

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