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Discuss double-declining-balance depreciation

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Double-Declining-Balance Depreciation

A computer was purchased on January 1 at a cost of $5,000. It has an estimated useful life of five years and an estimated salvage value of $500.

Prepare a depreciation schedule showing the depreciation expense, accumulated depreciation, and book value for each year under the double-declining-balance method. For intermediate calculations, do not round your depreciation rate value and round your final answers to the nearest dollar. If an answer is zero, enter "0".

Reference no: EM131770589

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