Equipment is depreciated-double declining-balance method

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Marco Corporation purchased equipment costing $300,000 on September 1, 2014. The equipment has an estimated useful life of nine (9) years with an estimated salvage of $10,000. Marco has a December 31 year-end. Calculate the following, showing all of your computations well-labeled and in good form under the following scenario.

The equipment is depreciated using the Double Declining-Balance Method

1a) Calculate the depreciation expense for 2016 using the above data

1b) Calculate the book value on the machine at December, 31, 2016.

Reference no: EM13786666

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