Homework Answers
double declining method of depreciation is also called accelerated depreciation method of depreciation.
Under which method we have to compute depreciation exactly Double the depreciation under straight line method.,
-and should ignore the salvage value.
-the same depreciation amount will repeated in subsequent years also.
Therefore depreciation formula
=( Book value/useful life of the asset)*2
Given information
Book value of equipment= $560000
Useful life=8 years.
Depreciation value;;(for every year)
=(560000/8)*2
=$140000.
Therefore answer should be third option i.e.,$140000.
Thank you:-)
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