Problem
An asset costs $15,000 and has a salvage value of $500 after 10 years. What is the depreciation charge for the fifth year, and what is the book value at the end of the fifth year?
(a) Using the 150% declining balance method.
(b) Using the 200% declining balance method.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.