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Calculation for figuring out double declining balance method

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Reference no: EM132484849

Question 1: what would the calculation be if figuring out the double declining balance method?

ex. salvage value is 60,000

Estimated useful life is 30 years.

Question 2: According how understand it is that calculated.100%/30years = .03333 or 3% .would the next step be calculating using the formula 3/30years??

Reference no: EM132484849

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