Discuss the results of your financial analysis, including overall progress toward savings goals, potential changes in your budget that can be made in the future, and possible economic or life impacts that may affect your budget in the coming year.

$468,480

Explanation:

The double-doubling method uses twice the rate of the straight-line method. The rate is (1/10 x 100) x 2 = 2(0.1 x 100 )= 20 per cent.

In the first year: the depreciation rate will be 20/100 x 960,000

=0.2 x 960,000

=$192,000

Second-year depreciation

=20/100 x (960,000 -192,000)

=0.2 x $768,000

=$153,600

Third-year depreciation

= 20/100 x (768,000 -153,600)

= 0.2 x $614,400

=$122, 880

Depreciation for the three years

= $192,000 + $153,600 + $122, 880

=$468,480