On September 1, 20x1 Jackson Company paid $170,000 to purchase equipment that has an estimated life of 8 years and an estimated residual value of $30,625. Jackson will depreciate the equipment using double-declining balance. Calculate depreciation expense for 20x1 and 20x2. SHOW YOUR CALCULATIONS Edit View Insert Format Tools Table

On September 1,20x1 Jackson Company paid $170,000 to purchase equipment that has an estimated life of 8 years and an estimated residual value of $30,625. Jackson will depreciate the equipment using double-declining balance. Calculate depreciation expense for 201 and 202. SHOW YOUR CALCULATIONS