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On 1st January, 2005 Gateway Pvt. Ltd. purchased huge equipment for $ 1,000,000. The machine is expected to last for 20 years. At the end

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On 1st January, 2005 Gateway Pvt. Ltd. purchased huge equipment for $ 1,000,000. The machine is expected to last for 20 years. At the end of the Useful Life the equipment has no resale Value. Under Double-Declining Balance Method (DDBM) find out the carrying values (ending balances) of equipment for the years 2007, 2010, 2012. 2007 = $ 729,000; 2010 = $ 531,441; 2012 = $ 430,400.21 2007 = $ 729,000; 2010 = $ 590,490 ; 2012 = $ 431,467.21 2007 = $ 729,000; 2010 = $ 531,441; 2012 = $ 430,467.21 2007 = $ 729,000; 2010 = $ 590,490; 2012 = $ 430,567.21

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