On January 1, 2013, Boston Company purchased a heavy duty machine having an invoice price of $13,000. Boston paid transportation and installation costs totaling $3,000. The machine is estimated to have a 4-year useful life and a $1,400 residual value.
Required:
Calculate depreciation expense and book value for 2013-2016, assuming double declining-balance method of depreciation.

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The Answer of On January 1, 2013, Boston Company purchased a heavy duty machine having an invoice price of $13,000. Boston paid transportation and installation costs totaling $3,000. The machine is estimated to have a 4-year useful life and a $1,400 residual value.
Required:
Calculate depreciation expense and book value for 2013-2016, assuming double declining-balance method of depreciation.

On January 1, 2013, Boston Company Purchased a Heavy Duty