On January 1, 2010, a company purchased equipment for $25,780. The estimated useful life of the equipment was five years, and the estimated residual value was $1300. Calculate depreciation expense for each year using the double-declining balance method.

Homework: Graded MAL HW #8 [Ch 9] Spr 2020 Score: 8 of 10 pts 5 of 17 (16 complete) Instructor-created question On January 1, 2010, a company purchased equipment for $25,780. The estimated useful ife of the equipment was five years, and the estimated residual value was $1,300. Calculate depreciation expense for each year using the double-declining balance method (Round your answers to the nearest dolar) Depreciation Year 2010 2011