Homework Answers
A) Depreciation = (Cost - Salvage value) /Useful life
First year = (324,000-0)/10 = 32,400
Second Year = 32,400
B) Double declining rate = 200/Useful life = 200/10 = 20%
First year = 324,000*20% = 64,800
Second Year = (324,000-64,800) * 20% = 51,840
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