What is the double-declining balance depreciation for Year 3?

The following transactions pertain to Accounting Solutions Inc. Assume the transactions for the purchase of the computer and any capital improvements occur on January 1 each year. Year 1 1. Acquired $68,000 cash from the issue of common stock. 2. Purchased a computer system for $22,700. It has an estimated useful life of five years and a $2,190 salvage value. 3. Paid $1,500 sales tax on the computer system. 4. Collected $39,470 in fees from clients. 5. Paid $1,400 in fees for routine maintenance to service the computers. 6. Recorded double-declining-balance depreciation on the computer system for Year 1. Year 2 1. Paid $650 for repairs to the computer system. 2. Bought off-site backup services to maintain the computer system, $1,050. 3. Collected $42,470 in fees from clients. 4. Paid $1,000 in fees to service the computers. 5. Recorded double-declining-balance depreciation for Year 2. Year 3 1. Paid $3,400 to upgrade the computer system, which extended the total life of the system to six years. The salvage value did not change. 2. Paid $960 in fees to service the computers. 3. Collected $35,960 in fees from clients. 4. Recorded double-declining-balance depreciation for Year 3. ACCOUNTING SOLUTIONS INC. Horizontal Statements Model - Year 3 Balance Sheet Income Statement Assets Stockholders' Equity Event Year 3 Statement c Cash Flows Revenue Expense Cash Net Income BV Equipment + Common Stock Retained Earnings + Bal. 121,640 + = 68,000 + 62,352 0 0 0 8,712 3,400 1. + = 0 + 0 0 0 0 2. (3,400) (960) 35,960 + 0 0 + 0 960 = II (960) 35,960 (960) 35,960 (3,400) (960) 35,960 3. + 0 = 0 + 35,960 0 = II ( 4. + II + II 2,945 15,057 Bal. 153,240 + II 68,000 + 97,352 35,960 960 = 35,000 31,600 The following transactions pertain to Accounting Solutions Inc. Assume the transactions for the purchase of the computer and any capital improvements occur on January 1 each year. Year 1 1. Acquired $68,000 cash from the issue of common stock. 2. Purchased a computer system for $22,700. It has an estimated useful life of five years and a $2,190 salvage value. 3. Paid $1,500 sales tax on the computer system. 4. Collected $39,470 in fees from clients. 5. Paid $1,400 in fees for routine maintenance to service the computers. 6. Recorded double-declining-balance depreciation on the computer system for Year 1. Year 2 1. Paid $650 for repairs to the computer system. 2. Bought off-site backup services to maintain the computer system, $1,050. 3. Collected $42,470 in fees from clients. 4. Paid $1,000 in fees to service the computers. 5. Recorded double-declining-balance depreciation for Year 2. Year 3 1. Paid $3,400 to upgrade the computer system, which extended the total life of the system to six years. The salvage value did not change. 2. Paid $960 in fees to service the computers. 3. Collected $35,960 in fees from clients. 4. Recorded double-declining-balance depreciation for Year 3. ACCOUNTING SOLUTIONS INC. Horizontal Statements Model - Year 3 Balance Sheet Income Statement Assets Stockholders' Equity Event Year 3 Statement c Cash Flows Revenue Expense Cash Net Income BV Equipment + Common Stock Retained Earnings + Bal. 121,640 + = 68,000 + 62,352 0 0 0 8,712 3,400 1. + = 0 + 0 0 0 0 2. (3,400) (960) 35,960 + 0 0 + 0 960 = II (960) 35,960 (960) 35,960 (3,400) (960) 35,960 3. + 0 = 0 + 35,960 0 = II ( 4. + II + II 2,945 15,057 Bal. 153,240 + II 68,000 + 97,352 35,960 960 = 35,000 31,600