A machine was purchased on April 1, 2010 for $90,000. The machine has an estimated salvage value of $6,000 and an estimated useful life of 5 years. The company applies double declining balance depreciation method and closes its books on 31 December. What is the accumulated depreciation balance at 31 December 2014?

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The double declining balance depreciation method is a method of accelerated depreciation which means that the depreciation expense is higher in the ea... View the full answer