DDB

When selling PP\&E for monetary consideration: - Example: On January 1, 2021, Hogan Manufacturing Company purchased a machine for $250,000. The company expects the service life of the machine to be five years. The estimated residual value is $40,000. Hogan uses the doubledeclining-balance depreciation method. Suppose Hogan decides not to hold the machine for the expected five years but instead sells the machine for $140,000 on July 1, 2023