Safari File Edit View History Bookmarks Window Help UNIT 4 - CHALLENGE 1: Depreciation The machine used to produce color copies cost $250,000 when it was purchased new one year ago. It has an expected life span of five years. The income statement showed the straight line deprecation rate as 20%. As Total Book Value $250,000 we Useful life 5 years Straight line depreciation (%%) 20% We Double declining balance (6) a bo Double Declining Balance Depreciation Book Value Depreciation Depreciation Accumulated Book Value Year (Beginning of Year) Rate Expense Depreciation (End of Year) 3. We h Using the double declining balance depreciation method, the book value of the befo color copy machine at the end of year two will be produ We're a.) $100,000 balan Exam b.) $150,000 OCT