Question

Looking for some help with an accounting problem on double declining balance depreciation schedule

Answer 1

Here is an example

Answer 2

Where do I get the book value from? From 2015 to 2017. My example doesnt explain anything.

Answer 3

ya i know

Answer 4

?

Answer 5

well the book value for year t+1 is the book value you have at the end of year t...
so book value at the beginning of year 2015= book value 2014-depreciation 2014 and so on...

Answer 6

Double-declining balance:

2 × Straight-line depreciation rate × Book value at the beginning of the year
why did you add 70000 as book value on 2014.. it should be 88000?

Answer 7

The first image is the example Pearson offers. And the second is my actually question.

Answer 8

Thats why the answers are different

Answer 9

Thank you. I figured it out.