Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $

Answer & Explanation:

Straight Line table

The straight-line Method is simply and easy to understand, It distribute the depreciation equally between years. So that implies that the formula should be:            

195,000 - 9,000 = 181,000

181,000 / 4 = 45,250

Double Declining table

The Double declining  You double the straight line rate

Current Book Value x rate = depreciation expense

190,000 x 1/2 = 95,000

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