The purchase price of a machine is $7500, its estimated salvage value is $3000, and its service life is 5 years. Using double declining balance (DD) method: The depreciation amount in the second year is close to: To access the spreadsheet, click on the download icon next to the sheet title. A new tab will open next to the test tab and you can go back and forth between the sheet and test tabs. Click to open: $1,370 $1,800 $1250 $1,300