Answer:
$16, 988.4
Explanation:
The asset has a useful life of 9 years. the straight-line rate of depreciation is 1/9 X 100 = 11 per cent
the cost of the asset is $99,000
First-year depreciation under double-declining will be
Straight-line method rate x 2= 22 %
= 22/100 x 99,000
=0.22 x 99,000
=21,780
the book value after the first year will be 99,000 -21, 780
= 77,220
Depreciation expense for the second year = 22 % of 77,220
=22/100 x 77,220
=$16, 988.4
