Answer:
4,800
Explanation:
The double declining will be the straight-line rate times two.
straight-line = 1/10
double declining = (1/10) x 2 = 2/10 = 1/5 = 20%
The first year will be:
30,000 x 20% = 6,000 depreciation expense
then we calculatethe book value for the second year
30,000 - 6,000 = 24,000
now we clacualte the depreciation expense for the 2nd year
24,000 x 20% = 4,800
This process is repeat every year until the book value equalt the salvage value at the end of the 10th year.