Question: Using the double declining balance method calculate depreciation for 2022 and book value at 31 December 2022? Redball Co. purchased a framing machine for $45,000

Redball Co. purchased a framing machine for $45,000 on January 1, 2021. The machine is expected to have a Using the double declining balance method calculate depreciation for 2022 and book value at 31 December 2022?

Redball Co. purchased a framing machine for $45,000 on January 1, 2021. The machine is expected to have a four-year life, with a residual value of $5,000 at the end of four years.

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