Waibel Enterprises purchased a depreciable asset on October 1, 2012 at a cost of \$100,000. The asset is expected to have a salvage value of \$15,000 at the end of its five-year useful life. It uses the double declining balance method of depreciation.
4. Waibel Enterprises should recognize what amount of salvage value in 2015?
A. \$4,440
B. \$15,000
C. \$0
D. \$5,520
E. \$2,000
5. Waibel Enterprises should recognize what total amount of accumulated depreciation expense in 2017?
A. \$90,000
B. \$85,000
C. \$78,000
D. \$100,000
E. \$0