Equipment cost $24,000

Useful Life 5 years

Residual value $2000

Calculate double declining rate to depreciate equipment

• Use the chart to document and calculate depreciation for equipment

	formula	Dollar Values	Reply

1 DDB	1 Depreciation	1 between	1 period.	2 Sonu	2 Period
Year	Initial Book Value	depreciation rate	Depreciation Expense	Accumulated Depreciation	End Book Value
1
2
3
4
5

Partial Annual Depreciation

• When a factory asset is acquired during the year, depreciation is calculated for the portion of the year owned by the asset.

Example: Let's say our machines were purchased on October 8, 2014. Calculate the depreciation expense for December 31, 2014 using the straight-line method.

Answer rating: 100% (QA)

Calculating Double Declining Balance Depreciation for Equipment Heres how to calculate the double de... View the full answer