Homework Answers
Depreciation rate as per straight line method=100%/8=12.5%/year
Hence depreciation as per double decline=2*Depreciation rate as per straight line method*Beginning value of each period
| Year | Beginning value | Depreciation | Ending value |
| 2020 | 136,000 | (2*12.5%*136,000)=34,000 | (136,000-34,000)=$102,000 |
| 2021 | 102,000 | (2*12.5%*102,000)=25500 | (102,000-25500)=$76500 |
| 2022 | 76500 | (2*12.5%*76500)=$19125 |
Hence depreciation expense for 2022=$19125
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