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Calculate annual depreciation on the machinery

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Reference no: EM132461231

DOUBLE DECLINING BALANCE

Question 1: Now Calculate annual depreciation on this machinery using double declining balance. Be careful not to exceed the salvage value. If the salvage value is zero, switch to straight-line in the year when straight-line yields higher depreciation. (Use the remaining value as the starting point when you change.)

 

Tractor A

Tractor B

Combine

Year 1

 

 

 

Year 2

 

 

 

Year 3

 

 

 

Year 4

 

 

 

Year 5

 

 

 

Year 6

 

 

 

Year 7

 

 

 

Reference no: EM132461231

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