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2 years ago

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Business

1 answer:

Readme [11.4K]2 years ago

6 0

The depreciation for the second year under Double-declining-balance is:$18,525.

<h3>Depreciation</h3>

First year

Year 1 depreciation=$74,100×(1/4×2)

Year 1 depreciation= 37,050

Second year

Year 2 depreciation=($74,100-$37,050)×(1/4×2)

Year 2 depreciation=$37,050×(1/4×2)

Year 2 depreciation= $18,525

Therefore the depreciation for the second year under Double-declining-balance is:$18,525.

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