30 3 pts ABC purchased equipment for $73.000 on 1/1. The equipment is expected to have a four-year fe, with a residual value of $10.000 at the end of five years. Using the double declining balance method what is the depreciation expense for the year as of 12/31 Fill in the blank with your calculated number. DO NOT include commas. $ signs, period, decimal points, etc, ant enter the raw number Canvas will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input 24123 Hint: Formula- This method follows three steps: 1.Compute the asset's straight-line depreciation rate (100%/useful 2.Double the straight-line rate 3.Compute depreciation by multiplying this rate by the asset's beginning period book value (not depreciable value! so in this question use COST) Q W E 4 5 R T MacBook Air 6 Y mal 47 S D F G H * C T command C B B N 00 J K M Question 30 3 pts ABC purchased equipment for $73,000 on 1/1. The equipment is expected to have a four-year life, with a residual value of $10,000 at the end of five years Using the double-declining balance method, what is the depreciation expense for the year as of 12/31? Fill in the blank with your calculated number. DO NOT include commas. $ signs, period, decimal points, etc.. just enter the raw number. Canvas will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 Hint: Formula-1 This method follows three steps: 1.Compute the asset's straight-line depreciation rate (100%/ useful life). 2.Double the straight-line rate. 3.Compute depreciation by multiplying this rate by the asset's beginning period book value (not depreciable value!> so in this question use COST) 0 2 SO W E R G T x C V MacBook Air G 230 B N