On January 2, Lev Company purchases equipment for use in fabrication of a part for one of its key products. The equipment costs $190.000 and its estimated useful life is five years, after which it is expected to be sold for $20,000. Required a. Compute depreciation expense for each year of the equipment's useful life for each of the following depreciation methods: 1. Straight-line 2. Double-declining-balance.

In the pocture below, how is the double declining balance calculated in Year 5?

be sold for 120000 . Required