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The price of a mainframe computer purchased by Mason Corporation was $1,439,100. It cost $34,538 for delivery and $53,246 for installation. The salvage value at
The price of a mainframe computer purchased by Mason Corporation was $1,439,100. It cost $34,538 for delivery and $53,246 for installation. The salvage value at the end of 5 years is $331,410. Prepare a depreciation schedule using the 150% declining balance method, then enter the annual depreciation for year 5 as your answer. Round the declining balance rate to 4 decimal places, and all dollar amounts to the nearest cent.
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