How can I figure out the depreciation expense for Year 3 using the Declining Balance Depreciation method in this problem?

Help on Declining Balance Depreciation Annual depreciation using the declining-balance method requires determining the rate of depreciation. The declining rate is twice the straight-line rate, or (1/Estimated Service Life, in years) x 2. This rate is mulitplied times the beginning-of-the-period book value of the asset (salvage value is ignored). The end-of-period book value must never be less than the estimated salvage value of the asset. The declining rate of depreciation for an asset that cost $50,000, with a salvage value of $5,000 and an estimated service life of 4 years is 50% (1/4 x 2). The first year depreciation is $25,000 (= $50,000 x 0.50). The second year depreciation is $12.500 (= $25.000 x 0.50). Selection: Declining Declining-Balance Depreciation: Cost of Asset: Estimated Salvage Value: Estimated Service Life: $9,000.00 $900.00 5 Years Service Life Used To Date: 3 Years Depreciation Expense for Year 3 Accumulated Depreciation Book Value Verify Answer Next