Declining balance depreciation
On July 6,2014,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 2014 and 2015 using each of the following methods.

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The Answer of Declining balance depreciation
On July 6,2014,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 2014 and 2015 using each of the following methods.

Declining Balance Depreciation On July 6,2014,Grayson Purchased New Machinery with an Estimated Useful