5. A machine costing $200,000 has salvage value of $10,000. The useful life of the
machine is 5 years. Determine the depreciation for 1st year using the double
declining balance method.
$76,000
$38,000
$40,000
$80,000
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Answer:
$ 38000
Explanation:
Annual Depreciation = Historical cost + salvage value/Estimated life of Assset
= 200000 - 10000/5
= 190000/5
= $ 38,000
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