Problem
A small microprocessor costing $12,000 is to be depreciated using 150% declining balance depreciation over the next 4 years. The microprocessor will have no value after 4 years. Determine the depreciation schedule. What is the book value at the end of the 4 years?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.