Subject: Engineerings Economics Topic: Double Declining Balance Method(DDBM)Please help me to solve this in step by step manner. Make sure to analyze the question well.BOX your final answer An earth moving equipment that cost P90,000 will have an estimated salvage value of P19,000 at the end of 7 years, Using double-declining balance method, compute the book value and the total depreciation at the end of the 2nd year. USE THE REFERENCES AND FORMULA BELOW →Double Declining Balance (DDB) MethodThis method is very similar to the declining balance method except that the rate of depreciationk is replaced by 2/L.dn = Co (1-2)-1²/C. (1-3)Cn Co (1.C₂ = Co (1-33²01-2 References:Blank, L. & Tarquin, A. (2018). Engineering Economy (8th Ed.). McGraw-Hill Education.Sullivan, W., Wicks, E. & Koelling, C. P. (2014). Engineering Economy (16th Ed.). Pearson Education SouthAsia Pte Ltd.Sta. Maria, H. (2000). Engineering Economy (3rd Ed.). National Book Store.Arreola, M. (1993). Engineering Economy (3rd Ed.). Ken Incorporated.

Given Cost of the equipment C0=P90,000 Estimated service life =7 years Depreciation method: Double…

Answered: An earth moving equipment that cost…

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Subject: Engineerings Economics
Topic:
Double Declining Balance Method(DDBM)

Please help me to solve this in step by step manner.
Make sure to analyze the question well.
BOX your final answer

An earth moving equipment that cost P90,000 will have an estimated salvage value of P19,000 at the end of 7 years, Using double-declining balance method, compute the book value and the total depreciation at the end of the 2nd year.

USE THE REFERENCES AND FORMULA BELOW

→
Double Declining Balance (DDB) Method
This method is very similar to the declining balance method except that the rate of depreciation
k is replaced by 2/L.
dn = Co (1-2)-1²/
C. (1-3)
Cn Co (1.
C₂ = Co (1-33²
01-2

References:
Blank, L. & Tarquin, A. (2018). Engineering Economy (8th Ed.). McGraw-Hill Education.
Sullivan, W., Wicks, E. & Koelling, C. P. (2014). Engineering Economy (16th Ed.). Pearson Education South
Asia Pte Ltd.
Sta. Maria, H. (2000). Engineering Economy (3rd Ed.). National Book Store.
Arreola, M. (1993). Engineering Economy (3rd Ed.). Ken Incorporated.

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