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Part $1$

On January$1,2026,$ a company acquired equipment for

$ $100$ comma $000$$$100,000.$

Residual value was estimated to be

$ $30$ comma $000$$$30,000.$

The equipment can be used

$85$ comma $00085,000$

machine hours or a useful life of four$(4)$ years. Actual usage of the equipment was recorded as

$11$ comma $00011,000$

hours for the first year. What is the journal entry for depreciation expense for the first year calculated by the

doubleminus$$decliningminus$$balance

$$method$?$

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Part $1$

A$.$

Accumulated Depreciation

minus$$

Equipment

$50$ comma $00050,000$

$$Depreciation Expense

minus$$

Equipment

$50$ comma $00050,000$

$$

B$.$

Accumulated Depreciation

minus$$

Equipment

$9$ comma $0209,020$

$$Depreciation Expense

minus$$

Equipment

$9$ comma $0209,020$

$$

C$.$

Depreciation Expense

minus$$

Equipment

$50$ comma $00050,000$

$$Accumulated Depreciation

minus$$

Equipment

$50$ comma $00050,000$

$$

D$.$

Depreciation Expense

minus$$

Equipment

$9$ comma $0209,020$

$$Accumulated Depreciation

minus$$

Equipment

$9$ comma $0209,020$