A firm depreciates its plant assets by applying the double declining balance method. Its policy is to switch to the straight-line method in the year in which continued application of the DDB method would result in excessive total amortization. One of the assets recently purchased cost $10,000, has a useful life of four years, and a $4,000 estimated residual value. What is the amortization expense in each of the last three years of this asset's life?

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The Answer of A firm depreciates its plant assets by applying the double declining balance method. Its policy is to switch to the straight-line method in the year in which continued application of the DDB method would result in excessive total amortization. One of the assets recently purchased cost $10,000, has a useful life of four years, and a $4,000 estimated residual value. What is the amortization expense in each of the last three years of this asset's life?

A Firm Depreciates Its Plant Assets by Applying the Double