Question

2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.)

Answer 1

Answer:

Depreciation schedules

Explanation:

Let's suppose the asset value is $50.000 and the salvage value is $5.500

If there weren't salvage value, the depreciation at sixth year would be $2195 based in the book value at beginning the last year, and this would be the schedule with a default salvage value of $4.390

With the salvage value, the depreciation at last year would be the salvage value less the book value at sixth year ($1084)