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Solve for depreciation in year 2 using the depreciation formula for double declining balance along with the following data: 9 years of useful life 124,845
Solve for depreciation in year 2 using the depreciation formula for double declining balance along with the following data:\ 9 years of useful life\ 124,845 purchase price of asset\ 402 shipping cost\ 4,627 other required costs: installation, preparation, sales tax, excise taxes, etc.\ 1,964 residual value\ 15,891 accumulated depreciation at the end of year 1 (this could have been a partial year depreciation, not your concern since the amount is given, so don't get paranoid
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