Suppose a business has bought a machine for $ 100,000. They have estimated the machines...
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Accounting
Suppose a business has bought a machine for $ 100,000. They have estimated the machines useful life to be eight years, with a residual value of $ 11,000.
Use the double declining balance method to calculate below;
Depreciation Rate
YearBeginning Book ValueDepreciation RateDepreciation expenseAccumulated depreciation
1a $ b$ c$ d$
2e$ f$ g$ h$
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