I keep on getting the wrong answer I am recording a 105,937 50 for the 2nd year the answer says $129,479 Would I be able to get a thorough step by step answer in order for me to see what I am doing wrong with the Double Declining Balance Method Thank you Beauty Company purchased a machine valued at $565,000 on September 1 The equipment has an estimated useful life of eight years or 5 5 million units The equipment is estimated to have a salvage value of $48,300 Assuming the double declining balance method of depreciation is used, what is depreciation expense that needs to be recorded at the end of the second year

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Question: I keep on getting the wrong answer. I am recording a 105,937.50 for the 2nd year. the answer says $129,479. Would I be able to

I keep on getting the wrong answer. I am recording a 105,937.50 for the 2nd year. the answer says $129,479.

Would I be able to get a thorough step by step answer in order for me to see what I am doing wrong with the Double Declining Balance Method. Thank you.

Beauty Company purchased a machine valued at $565,000 on September 1. The equipment has an estimated useful life of eight years or 5.5 million units. The equipment is estimated to have a salvage value of $48,300. Assuming the double declining balance method of depreciation is used, what is depreciation expense that needs to be recorded at the end of the second year?

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