Central Supply purchased a new printer for $72,000. The printer is expected to operate for ten (10) years, after which it will be sold for salvage value (estimated to be $7,200).
How much is the first and second year's depreciation expense if the company uses the double-declining-balance method?

Question

Central Supply purchased a new printer for $72,000. The printer is expected to operate for ten (10) years, after which it will be sold for salvage value (estimated to be $7,200). 
How much is the first and second year's depreciation expense if the company uses the double-declining-balance method?

Quizplus · Accepted Answer

The Answer of Central Supply purchased a new printer for $72,000. The printer is expected to operate for ten (10) years, after which it will be sold for salvage value (estimated to be $7,200). 
How much is the first and second year's depreciation expense if the company uses the double-declining-balance method?

Central Supply Purchased a New Printer for $72,000