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A machine bought 5/1/2014 Cost: $50,000 Salvage Value: $7,000 Estimated Useful Life: 3 years Double-Declining: 1. What is the depreciation expense on 12/31/15? 2. What

A machine bought 5/1/2014

Cost: $50,000

Salvage Value: $7,000

Estimated Useful Life: 3 years

Double-Declining:

1. What is the depreciation expense on 12/31/15?

2. What is the depreciation expense on the last year of depreciation?

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