ABC Company purchased a new machine on January 1, Year 1 for $44,000. The company expects the machine to last ten years. The company thinks it could sell the scrap metal from the machine for $4,000 at the end of its useful life. If the company uses the double-declining method for depreciation, what will be the net book value of the machine on December 31, Year 2?
Master Double Declining Balance (DDB) Depreciation with a bite sized video explanation from Brian KrogolStart learning
© 1996–2023 Pearson All rights reserved.