Declining balance depreciation
On July 6, 2011, Grayson purchased new machinery with an estimated useful life of 10 years. The cost of the equipment was $80,000, with a residual value of $8,000.
Compute the depreciation on this machinery in 2011 and 2012 using each of the following methods.

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The Answer of Declining balance depreciation
On July 6, 2011, Grayson purchased new machinery with an estimated useful life of 10 years. The cost of the equipment was $80,000, with a residual value of $8,000.
Compute the depreciation on this machinery in 2011 and 2012 using each of the following methods.

Declining Balance Depreciation on July 6, 2011, Grayson Purchased New Machinery with an Machinery