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    derenkov's Avatar
    derenkov Posts: 1, Reputation: 1
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    #1

    Aug 31, 2006, 05:33 PM
    declining balance depreciation method
    same question as before someone asked but I want to find out what is written in the last year (6th year) of the 200% declining balance depreciation method because it wasn't stated, for example machine was purchased on September 1st 2004 for 108000$ , estimated useful life 5 years, and residual value 8000$, thanks a lot if u can help, also same question with 150% declining balance method thanks
    pujan's Avatar
    pujan Posts: 1, Reputation: 1
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    #2

    Dec 12, 2006, 10:43 AM
    the answer for this is cost= 108000, and useful life is 6years

    so, (108000-0)*2/6= 36000
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