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Maertge Airlines purchases an aircraft for $84,000,000 on January 1, 2016 -

Maertge Airlines purchases an aircraft for $84,000,000 on January 1, 2016

Quetion: Maertge Airlines purchases an aircraft for $84,000,000 on January 1, 2016. The residual value of the aircraft is estimated at $7,500,000, and its useful life is estimated at 25 years. Applying the double-declining-balance method of depreciation, the depreciation expense recognized for the year ended December 31, 2018 will be __________.

$3,096,576

$6,182,400

$5,687,808

$6,720,000

 

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