As a X Engineer in a design consultancy company, you have purchased a high specification computing system. The computing system has a cost basis of USD $4000$ and a ten$-$year depreciable life. The estimated salvage value of the computing system is zero at the end of tenth year. Find and tabulate the annual depreciation amount and book value $($BV$)$ for each year using the Double Declining Balance method.

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Determine the depreciation rate The DDB method uses a depreciation rate that is double the straightline depreciation rate The straightline depreciation rate is calculated as 1 useful life In this case ... View the full answer