The Breakfast Company purchases equipment for $100,000.Management estimates that the equipment will have a useful life of eight years and no salvage value.
a.Calculate depreciation expense and the book value of the equipment at the end of the first year using the straight-line method of depreciation.
b.Calculate depreciation expense and the book value at the end of the first year using the double-declining balance method of depreciation.

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The Answer of The Breakfast Company purchases equipment for $100,000.Management estimates that the equipment will have a useful life of eight years and no salvage value.
a.Calculate depreciation expense and the book value of the equipment at the end of the first year using the straight-line method of depreciation.
b.Calculate depreciation expense and the book value at the end of the first year using the double-declining balance method of depreciation.

The Breakfast Company Purchases Equipment for $100,000