Homework Answers
Depreciation rate as per straight line method=100%/6=16.67%/year(Approx)
Hence depreciaiton as per double decline balance=2*Depreciation rate as per straight line method*Beginning value of each period
| Year | Beginning value | Depreciation | Ending value |
| 1 | 27,000 | (2*16.67%*27,000)=$9000 | (27,000-9,000)=$18000 |
| 2 | 18,000 | (2*16.67%*18,000)=$6000 |
Hence depreciation expense for 2nd year=$6000.
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