David Ltd commence operations on 1 July 2018 

On the same date it purchase a machine cost of 100000 residual value 10000. 

Useful machine life is 5 yrs

David sold machines on 30 June sale price 40000

Required

Prepare depreciation schedule using double declined balance depreciation method 

Prepare journals entry prepare depreciation schedule using sum of year digits method

Answer rating: 100% (QA)

Depreciation Schedule using the Double Declining Balance Method Year 1 Depreciation expense Cost Accumulated depreciation x 2 Useful life Depreciation expense 100000 0 x 2 5 40000 Accumulated deprecia... View the full answer