Question: What is the double declining balance for the 4th year? Depreciation Methods A machine costing $153,000 was purchased May 1. The machine should be obsolete
What is the double declining balance for the 4th year?

Depreciation Methods A machine costing $153,000 was purchased May 1. The machine should be obsolete after four years and, therefore, no longer useful to the company. The estimated salvage value is $15,000. Calculate the depreciation expense for each year of its expected useful life using each of the following depreciation methods: (a) straight-line, (b) double-declining balance. For double-declining balance, do not round until your final answer Round your final answers to the nearest dollar a. Straight-line: Year 1: 23,000 34,500 34,500 34,500 11,500 Year 2: Year 3: Year 4: Year 5: b. Double-declining balance: Year 1: 51,000 Year 2: 51,000 25,500 12,750 X Year 3: Year 4
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