Jay's Sport Shop purchased new shelving and display cases costing $48,000. The installation charges were $4,000 and they expect a residual value of $8,000 after 5 years. Jay will use the double-declining-balance method of depreciation.
A)What is the amount of total depreciation?
B)What will the book value of the cases be at the end of 5 years?

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The Answer of Jay's Sport Shop purchased new shelving and display cases costing $48,000. The installation charges were $4,000 and they expect a residual value of $8,000 after 5 years. Jay will use the double-declining-balance method of depreciation.

Jay's Sport Shop Purchased New Shelving and Display Cases Costing