Solution-Double declining balance method

Double declining balance method

Reference no: EM131038018

On January 4 2013 Illinois company purchased new equipment for $550,000 that had a useful life of four years and salvage value of $50000. Prepare a schedule showing the annual depreciation and end of year accumulated depreciation for the first three years of the assets life under the straight line method, the sum of the years digits method and the double declining balance method.

Reference no: EM131038018

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Double declining balance method

Reference no: EM131038018

Reference no: EM131038018

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