help!Homework Answers
Solution:
DDB rate = (1/12) * 2 = 16.67%
Depreciation Year 1 = $504000*16.67% = $84017
Depreciation for Year 2 = Book value * 16.67% = ($504000 - $84017) * 16.67% = $70011
Depreciation for Year 3 = Book value * 16.67% = ($504000 - $84017 - $70011) * 16.67% = $58340
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