Scan QR code or get instant email to install app
Question:
Straight line depreciation is (100,000 + 10,000 + 5,000 — 25,000) / 6 = 15,000 each year. Double-declining balance depreciation in the second year is: 115,000 (2/3)(1/3) = 25,556. The difference is $10,556. Remember chat salvage value is not part of the declining balance calculation.
Comments