Contemporary Engineering Economics 6th Edition by Chan Park

تمرين 47

A secondhand bulldozer acquired at the beginning of the fiscal year at a cost of $56,000 has an estimated salvage value of $6,500 and an estimated useful life of 12 years. Determine the following.
(a) The amount of annual depreciation by the straight-line method.
(b) The amount of depreciation for the third year, computed by the double-declining-balance method.