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Love Me Tender DJ Services purchased a digital music system on March 17th of 2017 for $25,000. The equipment has a useful life of 5
Love Me Tender DJ Services purchased a digital music system on March 17th of 2017 for $25,000. The equipment has a useful life of 5 years with a disposal value estimated at $4,000. They have been using Double Declining Balance depreciation and show the following Balance Sheet amounts for the last 3 years: 2017 2018 2019 2020 25,000 25,000 25,000 25,000 Equipment Less: Accum Depreciation Book Value 16,000 19,600 10,000 15,000 9,000 5,400 What is the Depreciation expense for 2020
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