Homework Answers
Depreciation rate under double declining method = 10 years x 2 = 20%
Depreciation for 2018 = $108000 x 20% = $21,600
Net Book value at the end of 2018 = $108000 - $21600 = $86,400
Depreciation for 2019 = $86,400 x 20% = $17,280
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