question archive an asset has a cost of $50,000, with a residual value of $10,000
Subject:AccountingPrice:2.86 Bought11
an asset has a cost of $50,000, with a residual value of $10,000. it has a life of 5 years and was purchased on January 1. under double-declining-balance, what's the asset's fourth full year of depreciation expense?
I got $800.00 but not sure if this is right, the way I did it.
Purchased 11 times