A new machine tool is being purchased for $16,000 and is expected to have a zero salvage

Question:

A new machine tool is being purchased for $16,000 and is expected to have a zero salvage value at the end of its 5-year useful life. Compute the DDB depreciation schedule for this capital asset. Assume any remaining depreciation is claimed in the last year.

Depreciation
Depreciation is an important concept in accounting. By definition, depreciation is the wear and tear in the value of a noncurrent asset over its useful life. In simple words, depreciation is the cost of operating a noncurrent asset producing... Salvage Value
Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important...