Explain how the double-declining-balance method is computed

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Reference no: EM13133394

Depreciation is a process to allocate the cost of long –life assets to each period’s income statement and adjusts the value of the assets on the balance sheet.

1. Explain how the double-declining-balance method is computed

2. Provide an example of how this method could be used on the new delivery truck purchased for $300,000 to be used for 4 years with a salvage value of $5,000 for year one only.

Reference no: EM13133394

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Explain how the double-declining-balance method is computed : Explain how the double-declining-balance method is computed. Provide an example of how this method could be used on the new delivery truck purchased for $300,000 to be used for 4 years with a salvage value of $5,000 for year one only.

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