Question: Blue Spruce Company purchased a new machine on October 1, 2020, at a cost of $113,600. The company estimated that the machine will have a salvage value of $13,600. The machine is expected to be used for 10,000 working hours during its 4-year life.
Compute the depreciation expense under declining-balance using double the straight-line rate for 2020 and 2021. Show calculations and how do I choose the correspondent percent?
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