Aggie Research Laboratory purchased a new High Performance Liquid Chromatography (HPLC) unit for $39,000. The unit has a functional life of 5 years and a salvage value of 10% of the purchased price. Using declining balance depreciation at a rate of 1.5 times the straight line rate, determine the annual depreciation at the end of year 2.

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The Answer of Aggie Research Laboratory purchased a new High Performance Liquid Chromatography (HPLC) unit for $39,000. The unit has a functional life of 5 years and a salvage value of 10% of the purchased price. Using declining balance depreciation at a rate of 1.5 times the straight line rate, determine the annual depreciation at the end of year 2.

Aggie Research Laboratory Purchased a New High Performance Liquid Chromatography