Declining balance method, What is the depreciation charge

Declining balance method

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Reference no: EM131810016

An asset costs $15,000 and has a salvage value of $500 after 10 years. What is the depreciation charge for the fifth year, and what is the book value at the end of the fifth year?

(a) Using the 150% declining balance method.

(b) Using the 200% declining balance method. (Answer: a. D5 = $1175, BV5 = $6656; b. D5 = $1229, BV5 = $4915)

Reference no: EM131810016

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