If an asset costs $41,000, has a residual value of $3,000, and has a useful life of five years, the entry to record depreciation in the second year using the double-declining-balance method is

A) debit to Depreciation Expense, 9,430; credit to Cash, 9,430.
B) debit to Depreciation Expense, 9,840; credit to Accumulated Depreciation, 9,840.
C) debit to Depreciation Expense, 10,250; credit to Accumulated Depreciation, 10,250.
D) debit to Accumulated Depreciation, 10,660; credit to Depreciation Expense, 10,660.

B

Business

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