Question

Bayside Coatings Company purchased waterproofing equipment on January 2, 2011, for $190,000. The equipment was expected to have a useful life of four years and a residual value of $9,000.

Instruction
Determine the amount of depreciation expense for the years ended December 31, 2011, 2012, 2013, and 2014, by
(a) The straight-line method and
(b) The double-declining-balance method.
Also determine the total depreciation expense for the four years by each method. The following columnar headings are suggested for recording the depreciation expenseamounts:


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  • CreatedFebruary 04, 2014
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