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Vaughn Manufacturing purchased a 777 aircraft on January 1, 2020 at a cost of $40,560,000. The estimated useful life of the aircraft is 20 years,

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Vaughn Manufacturing purchased a 777 aircraft on January 1, 2020 at a cost of $40,560,000. The estimated useful life of the aircraft is 20 years, with an estimated salvage value of $6,084,000 Compute the accumulated depreciation and book value at December 31, 2022 using the straight line method and the double declining balance method. Straight-line Declining balance Accumulated depreciation 5 Book value

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