Question: DBM = 27% For a newly set up classroom, a projector system is purchased for $35,000. The resale value is estimated to be $3,000 at
DBM = 27%
For a newly set up classroom, a projector system is purchased for $35,000. The resale value is estimated to be $3,000 at the end of five years useful life of the system. Your organisation decides to follow the 'double decline balance' method in the first year, the 'straight line method' in the second year and then follow the 'diminishing balance method' (DBM) on the remaining depreciable amount for the last three years. The rate for the DBM is ( 20+ the last digit of your SID)\%. For example, if your SID is 9503417 , then the rate for DBM will be (20+7)%=27%. What will be the depreciation amount for each of the five years
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