Question

Tons Beauty LLC uses the double-declining balance method for depreciation on its computers. Which item is not needed to compute depreciation for the first year?

Answer 1

Residual or salvage value isn't needed in the calculation of deprecation expense using the double declining method.

Step-by-step explanation:

Deprecation expense using the double declining method = [2 ×(1/useful life)] × cost of the asset

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