Answer:
Double declining method | ||||||
Depreciation rate = 1/4*200% | 50% | |||||
Depreciation for the year | ||||||
Date | Asset cost | Book value | DDB rate | Depreciation expenses | Accumulated depreciation | Book value |
01-02-2018 | 15,000 | 0 | 0 | 15,000 | ||
12-31-2018 | 15,000 | 50% | 7,500 | 7,500 | 7,500 | |
12-31-2019 | 7,500 | 50% | 3,750 | 11,250 | 3,750 | |
12-31-2020 | 3,750 | 750 | 12,000 | 3,000 | ||
12-31-2021 | 3,000 | - | 12,000 | 3,000 |
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