Homework Answers
Double decline rate = 100/10*2 = 20%
Book value at the end of 2024 = 80000*80%*80%*80%*80% = 32768
Revised dep rate = 100/16*2 = 12.50%
2025 Dep = 32768*12.5% = 4096
2026 Dep = (32768-4096)*12.5% = 3584
Book value at the end of December 31, 2026 = 32768-4096-3584 = $25088
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