The double-declining-balance method is to be used for an asset with a cost of $88,000, an estimated

Question:

The double-declining-balance method is to be used for an asset with a cost of $88,000, an estimated of $13,000, and an estimated useful life of six years.
(a) What is the depreciation for the first three fiscal years, assuming that the asset was placed in service at the beginning of the year?
(b) If switching to the straight-line method is allowed, when is the optimal time to switch? Salvage Value
Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important...