On January 1, Year One, the New Hampshire Herons organization purchased new workout equipment for its athletes. The equipment had a cost of $15,655, transportation costs of $505, and set-up costs of $345. The Herons spent an additional $405 training their athletes on the proper use of this equipment. The expected useful life is five years. No residual value is anticipated. How much-accumulated depreciation should the Herons report after two years if the double-declining balance method is used?

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Lets break down the calculations for the first two years Year 1 Beginning book value Cost Transporta... View the full answer