Preview File Edit View Go Tools Window Help * 42% O Sat Feb 1 11:45 PM Q E 11a questions.pdf (page 3 of 7) @ Q Search 11a questions.pdf [Fact Pattern #1] Asset B Samoa Corporation's schedule of depreciable assets at December 31, Year 3, is shown in the next column. Samoa takes a full year's depreciation expense in the year of an asset's acquisition and no depreciation expense in the year of an asset's disposition. The estimated useful life of each depreciable asset is 5 years. Accumulated Acquisition Salvage Cost Depreciation Date Value $100,000 $ 64,000 Year 2 $20,000 55,000 36,000 Year 1 10,000 70,000 33,600 Year 1 14,000 $225,000 $133,600 $44,000 [11] (Refers to Fact Pattern 1) Samoa depreciates asset A on the double-declining-balance method. How much depreciation expense should Samoa record in Year 4 for asset A? A. $32,000 B. $24,000 C. $14,400 D. $1,600 [12] (Refers to Fact Pattern 1) Using the same depreciation method as used in Year 1, Year 2, and Year 3, how much depreciation expense should Samoa record in Year 4 for asset B? A. $6,000 B. $9,000 C. $12,000 D. $15,000