Ray Publishing, a textbook publishing firm, purchased a new machine for $40,000. This machine is expected to operate for 10 years, after which it will be sold for salvage value (estimated to be $3,000).
How much will the first and second year's depreciation expense be under the double-declining-balance method?

Question

Ray Publishing, a textbook publishing firm, purchased a new machine for $40,000. This machine is expected to operate for 10 years, after which it will be sold for salvage value (estimated to be $3,000). 
How much will the first and second year's depreciation expense be under the double-declining-balance method?

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The Answer of Ray Publishing, a textbook publishing firm, purchased a new machine for $40,000. This machine is expected to operate for 10 years, after which it will be sold for salvage value (estimated to be $3,000). 
How much will the first and second year's depreciation expense be under the double-declining-balance method?

Ray Publishing, a Textbook Publishing Firm, Purchased a New Machine