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16-12-2019
Business

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Base Electronics has a piece of machinery that costs $400,000 and is expected to have a useful life of 5 years. Residual value is expected to be $50,000. Using the double-declining-balance method, what is depreciation expense for the first year?

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17-12-2019

Answer:

$160,000

Explanation:

Depreciation expense = Net book value ×[2 ×( 1 / useful life)]

$400,000 × [2× (1 / 5)]

$400,000 × 0.4

= $160,000

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