Double Declining Balance Depreciation Calculate depreciation for the following asset using Double Declining Balance Depreciation: Truck, Cost $24,000, Salvage $2,000, Useful Life 5 years Beginning Depreciation Accumulated Net Book Value Year Balance 1 24000 Expense 4 400 Depreciation uuoo 2 3 45 Account Name Debit Credit Enter the journal entry for Year 1 Depreciation Date