Answer:
$2,721.28
Explanation:
Use the following formula to calculate the depreciation expense
Depreciation Expense = Net book Value x 2 / Estimated service life
All the working is attached with this answer please find the attached file
The Question is incomplete, complete question is provided below
A new bar code reading device has been installed cost basis of $ 20490 and an estimated service life if 7 years. It will have a zero salvage value at that time. The 200% declining balance method is used to depreciate this asset.
What will the depreciation charge be in year seven?
