The Rialto Theatre purchased a new projector costing $123,000 on January 1, 2017. Because of changing technologies, the projector is estimated to last four years after which it will be obsolete and have a salvage value of $6,000 as a collectors' item.
Compute the depreciation expense for 2017 using:
a. The straight-line method
b. Double-declining-balance method

Question

The Rialto Theatre purchased a new projector costing $123,000 on January 1, 2017. Because of changing technologies, the projector is estimated to last four years after which it will be obsolete and have a salvage value of $6,000 as a collectors' item. 
Compute the depreciation expense for 2017 using:
a. The straight-line method
b. Double-declining-balance method

Quizplus · Accepted Answer

The Answer of The Rialto Theatre purchased a new projector costing $123,000 on January 1, 2017. Because of changing technologies, the projector is estimated to last four years after which it will be obsolete and have a salvage value of $6,000 as a collectors' item. 
Compute the depreciation expense for 2017 using:
a. The straight-line method
b. Double-declining-balance method

The Rialto Theatre Purchased a New Projector Costing $123,000 on January