Question
On March 31, 2018, Canseco Plumbing Fixtures purchased equipment for $68,000. Residual value at the end of an estimated four-year service life is expected to
On March 31, 2018, Canseco Plumbing Fixtures purchased equipment for $68,000. Residual value at the end of an estimated four-year service life is expected to be $8,000. The company expects the machine to operate for 12,000 hours.
c. Calculate depreciation expense for 2018 and 2019 using double-declining balance method. Calculate depreciation expense for 2018 and 2019 using double-declining balance method.
Depreciation for the Period End of Period Annual Period Beginning of Period Book Value Depreciation Rate Fraction of Year Depreciation Expense Accumulated Depreciation Book Value 2018 $68,000 50% 9/12 $25,500 $25,500 $42,500
I need the answer to 2019 beginnig of period book value, depreciaction rate, fraction of year, and depreciation expense.
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