XYZ Company purchased a machine on January 1, 2018 for $120,000. The company estimated a four year useful life and $4,000 residual value. If the company uses the double-declining-balance method for depreciation, what will be the amount of depreciation expense for the year 2021?
Master Double Declining Balance (DDB) Depreciation with a bite sized video explanation from Brian KrogolStart learning
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