Netflix, Inc. is analyzing its depreciation expenses for the year ending December 31, 20X9. The

following data is provided:

● Initial Cost of Equipment: $10,000,000

● Salvage Value: $1,000,000

● Useful Life: 5 years

● Depreciation Expense for the Year: [Calculation 11]

● Accumulated Depreciation at the End of Year 3: [Calculation 12]

Calculate the following:

a) Annual Depreciation Expense b) Double Declining Balance Depreciation for Year 2 c) Book

Value of the Equipment at the End of Year 2 d) Gain or Loss on Disposal if Sold for $5,000,000

at the End of Year 4