Answer:
$6400
Explanation:
The double-declining method uses twice the percentage of the straight-line method.
For Schager Company, the straight-line method rate will be 1/10 x 100 = 10%
The double-declining rate will be 20%
The first-year depreciation will be 20% x $40,000
=0.2 x $40,000
= $8,000
The second-year depreciation will be, 20% x (40,000- 8,000)
=20/100 x 32,00
=$6400
