Nick purchased a computer for $2,240. It has an estimated useful life of four years and an estimated residual value of $240. The entry to record the depreciation charge for the first year using double declining balance method is:

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The Answer of Nick purchased a computer for $2,240. It has an estimated useful life of four years and an estimated residual value of $240. The entry to record the depreciation charge for the first year using double declining balance method is:

Nick Purchased a Computer for $2,240