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Declining balance depreciation method

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Reference no: EM131334903

A machine costs $ 500,000 and has a salvage value of $30,000 after 12 years of use. What are the depreciation charge and book value after year 6, using double declining balance depreciation method?

  • Book value $167048, Depreciation $33490
  • Book value $250879, Depreciation $52246
  • Book value $15789, Depreciation $3365
  • Book value $170258, Depreciation $25698

Reference no: EM131334903

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