Business, 10.06.2021 21:10 yoogirlchloee

Answer each question using the information below. Each question is independent of the others. Equipment Cost $134,000
Installation Labor $4,500
Freight $10,000
Repairs of Damage during installation $6,000
Insurance on Freight $1,500
Estimated Salvage Value $20,000
Useful LIfe 8 years

Required:
a. What is the BOOK VALUE after 3 years of depreciation, using Straight-Line?
b. What is the ACCUMULATED DEPRECIATION after 3 years, using DOUBLE DECLINING BALANCE?

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