Bay Back Company acquired equipment on June 30, 2007, for $210,000. The residual value is $35,000 and the estimated life is 5 years or 40,000 hours. Compute the balance in Accumulated Depreciation as of December 31, 2009, if Bay Back Company uses the double- declining- balance method of depreciation.

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The Answer of Bay Back Company acquired equipment on June 30, 2007, for $210,000. The residual value is $35,000 and the estimated life is 5 years or 40,000 hours. Compute the balance in Accumulated Depreciation as of December 31, 2009, if Bay Back Company uses the double- declining- balance method of depreciation.

Bay Back Company Acquired Equipment on June 30, 2007, for $210,000