New machine for $60,000. the machine is expected to operate for ten years, after which it will be sold for salvage value (estimated to be $2,000). how much is the first and second year’s depreciation expense if the company uses the double-declining-balance method?

The answers are:

Explanation:

To calculate the depreciation expense using the double declining balance method we can do the following:

For years 1 and 2 we will use double depreciation 20% [= (100% / 10) x 2]

Year 1 depreciation = $60,000 × 20% =$12,000

Book value end of year 1 = $60,000 - $12,000 = $48,000

Year 2 depreciation = $48,000 × 20% =$9,600

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.