Transcribed Image Text: On 1st January, 2005 Gateway Pvt. Ltd. purchased huge equipment for $ 1,000,000. The machine is
expected to last for 20 years. At the end of the Useful Life the equipment has no resale Value. Under
Double-Declining Balance Method (DDBM) find out the carrying values (ending balances) of
equipment for the years 2007, 2010, 2012.
2007 = $ 729,000 ; 2010 = $ 590,490 ; 2012 = $ 430,567.21
2007 = $ 729,000 ; 2010 = $ 531,441 ; 2012 = $ 430,467.21
2007 = $ 729,000 ; 2010 = $ 590,490 ; 2012 = $ 431,467.21
2007 = $ 729,000 ; 2010 = $ 531,441 ; 2012 = $ 430,400.21
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