Please Help 13. A piece of equipment is purchased for $110,000 and has an estimated salvage...

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Answer 1

Answer #1

Double Declining Balance Method
Useful Life		7	Years
Cost		$ 1,10,000
Residual Value		$ 10,000
Depreciable Value		$ 1,00,000
Depreciation Rate		28.57%
Year	Depreciation Expenses	Acc Depreciation	Book Value End Of Year
1	$ 31,429	$ 31,429	$ 78,571
2	$ 22,449	$ 53,878	$ 56,122
3	$ 16,035	$ 69,913	$ 40,087
4	$ 11,454	$ 81,366	$ 28,634
5	$ 8,181	$ 89,547	$ 20,453
6	$ 5,844	$ 95,391	$ 14,609
7	$ 4,174	$ 99,565	$ 10,435



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Answer 2

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