Homework Answers
Answer : D = $ 215,625.
Double declining method.
>> Depreciation Rate = ( 200 / Useful life ) = ( 200 / 8 )
>> Depreciation Rate = 25 %.
>> Depreciation for 1st year = $ 1,150,000 * 25 % = $ 287,500.
>> Depreciation for 2nd year = ( $ 1,150,000 - $ 287,500 ) * 25 % = $ 215,625.
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