Understanding the Business Transaction Depreciation expense measures the allocation of a fixed asset's cost to expense in the year the asset is purchased a. The double-declining balance method pr useful life. Jasmine Company purchased equipment on January 1, 20x1. This is the only ed $221,830 Initial cost $14,130 Estimated residual value Expected useful life 10 years Total estimated hours of useful life 20,670 hours Double-Declining Balance Depreciation Method 2,250 Hours operated during 20x1 1,990 Hours operated during 20x2 when required, round your answers to the nearest dollar. Jasmine Company would report of depreciation expense in its Dece