2. Depreciation Problem. Matt Brown, a local farmer just purchased a new combine for $400,000. The combine has an expected economic life of 10 years. At the end of the expected economic life it will have a salvage value of $ 20,000. Using the double declining method of depreciation, calculate depreciation for each of the 10 years. Show formula and calculation results below

2. Deprecistion Problem. Niatt Brown, a local farmer just purchased a new combine for $400,000. The combine has an expected economic life of 10 years. At the end of the expected economic life it will have a salvage value of $20,000. Using the double declining method of depreciation, calculate depreciation for each of the 10 years. Show formuls and calculation results below 2. Deprecistion Problem. Niatt Brown, a local farmer just purchased a new combine for $400,000. The combine has an expected economic life of 10 years. At the end of the expected economic life it will have a salvage value of $20,000. Using the double declining method of depreciation, calculate depreciation for each of the 10 years. Show formuls and calculation results below