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Find the depreciation for double-declining-balance method

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Reference no: EM131800097

Sandblasting equipment acquired at a cost of $86,000 has an estimated residual value of $5,000 and an estimated useful life of 10 years. It was placed in service on October 1 of the current fiscal year, which ends on December 31, 20Y5.

a. Determine the depreciation for 20Y5 and for 20Y6 by the straight-line method.

b. Determine the depreciation for 20Y5 and for 20Y6 by the double-declining-balance method. Round your answer to the nearest cent if rounding is required.

Reference no: EM131800097

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