The Mash Tun Corp. purchased equipment on September 1, 2019 for $200,000. The residual value is $20,000 and the estimated life is 5 years or 60,000 hours. Compute depreciation expense for the year ending December 31, 2020, if the Mash Tun Corp. uses the double-declining-balance method of depreciation.

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The Answer of The Mash Tun Corp. purchased equipment on September 1, 2019 for $200,000. The residual value is $20,000 and the estimated life is 5 years or 60,000 hours. Compute depreciation expense for the year ending December 31, 2020, if the Mash Tun Corp. uses the double-declining-balance method of depreciation.