Question: Computer Processsing Equipments was acquired on January 2 at a cost of $ 125,000. The computer equipment has an estimated useful life of four years.

Computer Processsing Equipments was acquired on January 2 at a cost of $ 125,000. The computer equipment has an estimated useful life of four years. The estimated residual value is $10,000. Calculate the yearly depreciation, accumulated depreciation and book value for straight line and double declining using the table provided below. Straight Line Year Cost Depreciation Accumulated Depreciation Book Value 1 $125,000 2 $125,000 $125,000 4 $125,000 Double Declining Year Cost Depreciation Accumulated Depreciation Book Value 1 $125,000 2 $125,000 W $125,000 4 $125,000

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