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Double Declining Balance Compute the Book Value as of December 31, 2021 Cost $120,000 Useful Life 10 years Salvage Value 10,000 Double Declining Balance Depreciable

Double Declining Balance

Compute the Book Value as of December 31, 2021

Cost

$120,000

Useful Life

10 years

Salvage Value

10,000

Double Declining Balance

Depreciable Base

120,000

Acquisition Date:

August. 2, 2018

DEPRECIATION SCHEDULE

Year

Calculation

Depreciation Expense

Accumulated Depreciation

Book Value

Original Cost

$120,000

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