Question: Purchased tools for 2 8 5 7 1 4 . 2 9 on Aug 2 9 , 2 0 2 2 . The tools have

 Purchased tools for 285714.29 on Aug 29,2022. The tools have an estimated life of 3 years and a residual value of 7000. Depreciate using double declining balance method? 

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To depreciate the tools using the double declining balance method we need to follow these steps Calculate the straightline depreciation rate The strai... View full answer

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