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  3. eb7. lo 11.3 kenzie purchased a new 3-d printer fo

EB7. LO 11.3 Kenzie purchased a new 3-D printer for $450,000. Although this printer is...

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Accounting

EB7. LO 11.3 Kenzie purchased a new 3-D printer for $450,000. Although this printer is expected to last for ten years, Kenzie knows the technology will become old quickly and so she plans to replace this printer in three years. At that point, Kenzie believes she will be able to sell the printer for $30,000. Calculate yearly depreciation using the double-declining-balance method. Solution Year 1: [($450,000 $?)/3] 2 = $?; Year 2: [($450,000 $?)/?] 2 = $?; Year 3: [($450,000 $?)/?] 2 = $?. However, the total that can be depreciated is ($450,000 $30,000) = $420,000. Therefore, in Year 3 the depreciation can only be $? ($420,000 $400,000) = $?.

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