The Computer Equipment has an estimated useful life of 5.00 years.

Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The computer equipment's scrap value is $20,000.00. Calculate the depreciation for one month using the double declining method of depreciation.

Computer Equipment=$204,119.70

What is the General Journal Entry?

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The general journal entry to record the depreciation for one month using the double declining method ... View the full answer