Example 1c: Double-Declining Balance
{"Image DocumentName": "Example 1c: Double-Declining Balance", "Image ImageDescription": "On January 1, 2011, the Excel Delivery Company purchased a delivery van for  33,000. At the end of its five-year service life, it is estimated that the van will be worth  3,000. During the five- year period, the company expects to drive the van 100,000 miles. Calculate annual depreciation for the five-year life of the van using: Double-declining balance. Year. Book Value. Beg of Year X. Rate per. Year = Depreciation. End of Year  33,", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}