Question
Becker Office Service purchased a new computer system on January 1, 2018, for $40,000. It is expected to have a five-year useful life and a
Becker Office Service purchased a new computer system on January 1, 2018, for $40,000. It is expected to have a five-year useful life and a $5,000 salvage value. Becker Office Service expects to use the computer system more extensively in the early years of its life.
b. Calculate the depreciation expense for each of the five years, assuming the use of double-declining-balance depreciation. (Enter all amounts as positive values. Round "SL rate" answers to 2 decimal places. Round your answers to the nearest dollar amount.)
Only the boxes that contain blue arrows in the upper left corner are required to be filled in.
Thanks!
Accumulated Depreciation Annual Year Cost Bgning of Period (2x SL Rate) Depreciation
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