[Staci0115]

I hope someone can help me.  I have tried to do this problem but I am not being very successful. Here it is... Based on the following information prepare a table that shows the depreciation expense for each year using the double declining method:computer equipment cost      $36,000 Estimatied residual value       $ 6,000Estimated useful life              5 years_____________________________________________ _____________________________Now this is what I did but I am not coming out to $6,000 for the last year... what am I doing wrong??  
100%/5=20% (per year)20% x 2 = 40% (per year)$36,000 x 40% = 14,400  (for the first year)             Book Value Calculation                            Depreciation Calculation                         Accumulated    Book         Book              DepreciationYear      Cost      Depreciation    Value        Value           Rate     Expense                           2003    $36,000 -  $       0    =  $36,000 $36,000   x    40%  =    $14,4002004    $36,000 -  $14,400   =  $21,600 $21,600   x    40%  =   $  8,640   2005    $36,000 -  $23,040   =  $12,960 $12,960   x    40%  =    $  5,184  2006   $36,000 -  $28,224    =  $ 7,776 $ 7,776    x    40%  =    $ 3,110 2007   $36,000 -  $31,334    =  $ 4,666   2008   $36,000 -  $

[Staci0115]

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