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Home > Business & Careers > Accounting   »   Depreciation - Declining Balance Method

 
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Old Apr 28, 2007, 04:40 AM
Rustylovesmath
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Depreciation - Declining Balance Method

Electronic Analyzer -Neil Lincoln - Mercury decides to use the
double-declining-balance method of deprecation on a Barnes Electronic
Analyzer that was acquired at a cost of $25,500. If the estimated life of
the analyzer is 8 years and the estimated scrap is $3500, prepare a
depreciation schedule.

Year Computation / Amount of Depreciation / Accumulated Depreciation /BookValue

0
1
2
3
4
5
6
7
8

I think this is how I would set it up I am completely confused as to how to solve, does anyone know how?

Thank you so, so much

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