Equipment cost: 262,500 The equipment has a salvage value of $10,000, life expectancy of 5 years....
Equipment cost: 262,500
The equipment has a salvage value of $10,000, life expectancy of 5 years. Calculate depreciation for all years necessary using the double declining balance. What is the book value at the beginning of year 6?
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Homework Answers
Depreciation rate = 5 years = 40%
| Year | Depreciation | book value |
| 1 | 262500*40%= 105000 | 157500 |
| 2 | 63000 | 94500 |
| 3 | 37800 | 56700 |
| 4 | 22680 | 34020 |
| 5 | 13608 | 20412 |
| 6 |
Book value at the beginning of 6th year = 20412
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