A machine costs $ 500,000 and has a salvage value of $30,000 after 12 years of use. What are the depreciation charge and book value after year 6, using double declining balance depreciation method?
- Book value $167048, Depreciation $33490
- Book value $250879, Depreciation $52246
- Book value $15789, Depreciation $3365
- Book value $170258, Depreciation $25698