COB 241 at James Madison University

3. Calculating Depreciation using DDB

in Topic 8 (Problem 3 of 5)

The following is available for a company’s machine on December 31, Year 1:

Cost 6,000 Method Double Declining Balance
Salvage Value 1,500 Purchased January 1, Year 1
Accumulated Depreciation 2,400 Expected Life 5 years
How much depreciation expense will be recorded in Year 3?
  1. $864
  2. $1,824
  3. $1,164
  4. $840
  5. $660
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The Rest Of The Practice Problems

Click Here to View All Topic 8 Problems at Once View
1 The Effect of Amortization Easy
2 The Effect of Capital vs Revenue Expenditures Easy
3 Calculating Depreciation using DDB
You are here. 		Moderate
4 Change in Depreciation Moderate
5 Failure to Record Depreciation Moderate
← Topic 7

Topic 8 Videos

1 Acquisition Cost of Assets 13:23
2 Lump Sum Purchases 6:01
3 What is Depreciation? 11:23
4 Straight Line Depreciation 4:33
5 Double Declining Balance 13:58
6 Units of Production 3:43
7 Partial Year Depreciation 5:50
8 Capital vs. Revenue Expenditures 10:42
Topic 9 →