Question: Q1 Compute the Double Declining Balance DDB Rate for each useful life

Q1. Compute the Double-Declining-Balance (DDB) Rate for each useful life below.
Straight-Line Rate = (1 / Useful Life)
DDB Rate = Straight-Line Rate x 2 = Double the Straight-line Rate
Q2. Equipment costing $400,000 has an estimated useful life of five years and a residual value of $50,000. Complete the table below for Years 2-5 using the DDB method of depreciation.
Q3. Record the amounts reported on the income statement and the balance sheet over a six-year period.

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  • CreatedSeptember 17, 2015
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