Compute depreciation using the declining-balance methods

Reference no: EM132737027

Problem - Blossom Company purchased a new machine on October 1, 2022, at a cost of $92,100. The company estimated that the machine has a salvage value of $7,260. The machine is expected to be used for 84,000 working hours during its 10-year life. Compute depreciation using the following methods in the year indicated.

(a) Declining-balance using double the straight-line rate for 2022 and 2023.

Reference no: EM132737027

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