Compute the annual depreciation allowances

Reference no: EM13234011

Compute the annual depreciation allowances and the resulting book values using the double declining depreciation method for three possible salvage values:
(a) $2000; (b) $778; (c) $0

With consideration of the following accounting information for a computer system:
Cost basis of the asset= $10000
Useful life= 5 years

Reference no: EM13234011

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