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Rosetti Co. operates several cafes throughout the state. They are opening a new location and purchase an espresso machine for $16670 cash on January 1,
Rosetti Co. operates several cafes throughout the state. They are opening a new location and purchase an espresso machine for $16670 cash on January 1, 2012. Rosetti expects this machine to last 3 years and to get 318000 shots of espresso over the machine's life. At the end of the machine's life they estimate the salvage value will be $1667 Rosetti will depreciate this espresso machine using the double-declining balance method. How much accumulated depreciation will have been recorded at the end of this asset's 3 year life? (Round your answer to the nearest dollar.)
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