Question
A machine costing $82,500 with a 5-year life and $5,000 residual value was purchased January 2. Compute depreciation for each of the five years, using
A machine costing $82,500 with a 5-year life and $5,000 residual value was purchased January 2. Compute depreciation for each of the five years, using the double-declining-balance method.
| Year 1 | 33,000 |
| Year 2 | 19,800 |
| Year 3 | 11,880 |
| Year 4 | $7,128 |
| Year 5 | ????? |
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Edition
047116920X, 978-0471169208
