A Company Purchased Equipment Valued at $825,000 on January 1

Short Answer

A company purchased equipment valued at $825,000 on January 1.The equipment has an estimated useful life of seven years or 6 million units.The equipment is estimated to have a salvage value of $35,000.Assuming the double-declining-balance method of depreciation,what is depreciation for the second year? (Express the DDB rate as a percentage and then round it to two decimal places.Round the annual depreciation amount to a whole number.)