Ginger Pastries buys a specialty table saw for her metal fabrication business on January 1, 2017. The machine cost $60,000 and is expected to be used for five years. At the end of the five years it is expected that the machine can be sold for $4,000.
Compute the depreciation expense for the third year (2019) using both straight-line and double-declining-balance depreciation methods.

Question

Ginger Pastries buys a specialty table saw for her metal fabrication business on January 1, 2017. The machine cost $60,000 and is expected to be used for five years. At the end of the five years it is expected that the machine can be sold for $4,000. 
Compute the depreciation expense for the third year (2019) using both straight-line and double-declining-balance depreciation methods.

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The Answer of Ginger Pastries buys a specialty table saw for her metal fabrication business on January 1, 2017. The machine cost $60,000 and is expected to be used for five years. At the end of the five years it is expected that the machine can be sold for $4,000. 
Compute the depreciation expense for the third year (2019) using both straight-line and double-declining-balance depreciation methods.

Ginger Pastries Buys a Specialty Table Saw for Her Metal