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An asset was purchased at $100,000. It is expected to have a 10-year life. At the end of year 10, we expect the salvage value
An asset was purchased at $100,000. It is expected to have a 10-year life. At the end of year 10, we expect the salvage value to be $0. Estimate the depreciation expense per year using the following methods: 1. Straight-line depreciation 2. Double-declining-balance method $ 100,000.00 Cost Life Salvage 10 $ Year SLN 1 $10,000.00 2 $10,000.00 3 $10,000.00 4 $10,000.00 5 $10,000.00 6 $10,000.00 7 $10,000.00 8 $10,000.00 9 $10,000.00 10 $10,000.00 DDB $20,000.00 $16,000.00 $12,800.00 $10,240.00 $8,192.00 $6,553.60 $5,242.88 $4,194.30 $3,355.44 $2,684.35
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