Melanie Mayron purchased a computer for $6,000 on July 1, 2008. She intends to depreciate it over

Question:

Melanie Mayron purchased a computer for $6,000 on July 1, 2008. She intends to depreciate it over 4 years using the double-declining balance method. Salvage value is $1,000. Compute depreciation for 2009.

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...