Becker Office Service purchased a new computer system in Year 1 for $37,000. It is expected to have a five-year useful life and a $4,000 salvage value. The company expects to use the system more extensively in the early years of its life. Required

b. Calculate the depreciation expense for each of the five years, assuming the use of double-declining-balance depreciation.

Year 1 2 4|4|4| Depreciation Expense 14,800 8,880 5,328 3,197 1,918 X 3 4 ) 5 EA $