Kingston Company purchased a piece of equipment on January 1, 2010.The equipment cost $80,000 and had an estimated life of 8 years and a residual value of $10,000.What was the depreciation expense for the asset for 2011 under the double-declining-balance method?

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The Answer of Kingston Company purchased a piece of equipment on January 1, 2010.The equipment cost $80,000 and had an estimated life of 8 years and a residual value of $10,000.What was the depreciation expense for the asset for 2011 under the double-declining-balance method?

Kingston Company Purchased a Piece of Equipment on January 1