Rogers Company purchased a new computer for $100,000. It is estimated that the computer will have a $10,000 salvage value at the end of its 5-year useful service life. The double-declining-balance method of depreciation will be used.
Prepare a depreciation schedule which shows the annual depreciation expense on the computer for its 5-year life.
Beginning Depreciation Accumulated End of year
Year Book Value X RATE Expense Depreciation Book Value
The solution explains how to prepare a depreciation schedule