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On January 1, 2016, Shoreham, Inc. acquired an equipment for $45,600. The estimated life of the...

On January 1, 2016, Shoreham, Inc. acquired an equipment for $45,600. The estimated life of the equipment is 6 years, with an estimated residual value of $2,400. In its financial statements, Shoreham uses double-declining-balance depreciation. The book value of the equipment at December 31, 2017, will be:



$25,333

$20,762

$20,267



$12,667
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