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On January 1, 20X2, The GenKota Winery purchased a new bottling system. The system has an expected life of 5 years. The system cost $325,000.
On January 1, 20X2, The GenKota Winery purchased a new bottling system. The system has an expected life of 5 years. The system cost $325,000. Shipping, installation, and set up was an additional $35,000. At the end of the useful life, Julie Hayes, chief accountant for GenKota, expects to dispose of the bottling system for $96,000. She further anticipates total output of 660,000 bottles over the useful life.
I need the double declining balance:
Year | Annual Expense | Accumulated Depreciation at End of Year | Annual Expense Calculation | |||
X2 | ||||||
X3 | ||||||
X4 | ||||||
X5 | ||||||
X6 | ||||||
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