| Kenner Company purchased a new computer for $40,000 at the beginning of 2022. Kenner depreciated this asset using the declining balance at twice the straight-line rate method and estimated that the computer would have a useful life of 10 years and a residual value of $500. |
What percentage will Kenner Company use to compute annual depreciation expense under the declining balance method?
Present your answer in the format - XX.XX% |
