Baker Incorporated acquired a new piece of equipment for $400,000. It is estimated that the machine will have a $40,000 salvage value at the end of its 4 year useful service life. The double-declining balance method of depreciation will be used. Instructions Prepare a depreciation schedule which shows the annual depreciation expense on the machine for its 4 year life using the double-declining balance method of depreciation 1 A BIU X X Year Book Value Beginning of Year DDB Rate !!!! !!! 22 Depreciation Expense O Accumulated Depreciation

Baker Incorporated acquired a new piece of equipment for $400,000. It is estimated that the machine will have a $40,000 salvage value at the end of its 4 year useful service life. The double-declining balance method of depreciation will be used. Instructions Prepare a depreciation schedule which shows the annual depreciation expense on the machine for its 4 year life using the double-declining balance method of depreciation