Double-declining balance method

Reference no: EM13259174

XYZCompany purchased a new machine on January 1, 2006 for $150,000.The machine had a 10-year life and a $10,000 residual value assigned to it.

Calculatethe amount of accumulated depreciation relating tothe machine that would appear on XYZ Company's December 31, 2009 balancesheet assuming that the company is depreciating the machine using the double-declining balance method. Do not use decimals in your answer.

Reference no: EM13259174

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