PRACTICE IT! Double-Declining Depreciation What is the starting point for the double-declining balance method of depreciation? Find the carrying value of the below asset at the end of the second year: Invoice Price of Equipment $50,000 Sales Tax on the Equipment $30,000 Equipment Setup Charges $5,000 Depreciation Method Used - Double Declining Balance Estimated Salvage Value $6,000 Life of the Asset 10 Years Depreciation Rate? Carrying Value at the end of the second year