Y7

12. A steam boiler has a first cost of $50,000. Use the Double Declining Digit (DDB) depreciation accounting method with a $5,000 salvage value and a 10-year depreciation life; determine the boiler's book value at the end of year five. a) $4096 b) $5,000 c) $8388 d) $16,384 Year DDB d, BV