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vear 6 deprecation is $1,296$1,000=$206 (never depreciate book value below salvage value). On January 1, 2021, Truesdale, Incorporated, purchased a piece of machinery for use
vear 6 deprecation is $1,296$1,000=$206 (never depreciate book value below salvage value). On January 1, 2021, Truesdale, Incorporated, purchased a piece of machinery for use in operations. The total acquisition cost was $33,000. The machine has an estimated useful life of 3 years and a salvage value of $3,000. Using the double-declining balance method, depreciation for 2023 is approximately $3,667$2,445$3,000$667
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