Homework Answers
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| Please find the below answer | ||
| Statement showing computation: | ||
| DOUBLE DECLINING METHOD: | ||
| Cost of Machine | 66,000.00 | |
| Life | 5.00 | |
| Double decling balance method rate = 2*100%/5 | 40% | |
| Particulars | 2018 | 2019 |
| Opening Balance | 66,000.00 | 39,600.00 |
| Depreciation at 40% | 26,400.00 | 15,840.00 |
| Closing balance | 39,600.00 | 23,760.00 |
| So correct answer is $23760 |
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