Double$-$Declining balance method: Equipment cost $$24,000,$ useful life $5$ years, and residual value $$2,000.$ Calculate depreciation expense using the double$-$declining balance method$$

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Formula$$

Dollar Values$$

Answer$$

Straight line rate$$

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Double declining rate$$

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DDB Depreciation of the period$$

End of Period$$

Year$$

Beg. Book Value$$

Depreciation Rate$$

Depreciation Expense$$

Accumulated Depreciation$$

Ending Book Value$$

$1$

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$$

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$2$

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$3$

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$$

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$4$

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$5$

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