Homework Answers
Double declining balance method nothing more than the straight line method The difference between a double line declining balance method and straight line method is that in the double line declining balance method depreciation calculated straight line straight line method but it should also be multiplied by 2 the calculation is Shown below :-
Depreciation of 2011= $1,00,000-$20000/5=$16000*2 =$ 32000 (as it is double line declining balance method depreciation)
Book Value on 1/jan /2012= $100000-$32000= $68000
Depreciation of 2012= $1,00,000-$20000/5=$16000*2 =$ 32000 (as it is double line declining balance method depreciation)
Book Value on 1/jan /2013=Book Value on 1/jan /2012-Depreciation of 2012= $68000-$32000= $36000
So Answer is $36,000/-
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