Double Decling

Anonymous
timer Asked: Nov 14th, 2016

Question description

Using the double-declining balance method, calculate the annual depreciation expense that will be recorded each year for an asset that cost $18,300, has a useful life of four years, and has an estimated salvage value of $3,500.

Complete the depreciation schedule using the double-declining balance method. (Complete all input boxes.) See attached




Year

Rate

Book value

Annual depreciation

Accumulated depreciation

1

Yr 2
Yr 3
Yr 4


Using the double-declining balance method, calculate the annual depreciation expense that will be recorded each year for an asset that cost $18,300, has a useful life of four years, and has an estimated salvage value of $3,500. Determine the depreciable cost. Complete the depreciation schedule using the double-declining balance method. (Complete all input boxes.) Year 1 2 3 4 Rate Book value Annual depreciation Accumulated depreciation

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