1. An asset costing $60,000 has estimated useful life of 5 years and salvage value of $7,500. Calculate the depreciation table using double declining balance method.

2. A vehicle costing $90,000 has estimated useful life of 8 years and salvage value of $12,000. Calculate the depreciation table using double declining balance method.

3. On 1 Jan 2016, Company A purchased a vehicle costing $35,000. The company expects the vehicle to be operational for 4 years at the end of which it can be sold for $5,000. Calculate depreciation expense for the year ended 31 Dec 2016, 2017, 2018 and 2019.

4. A fixed asset having a useful life of 3 years is purchased on 1 January 2015. Cost of the asset is $2,000 whereas its residual value is expected to be $500. Calculate the accumulated depreciation total for 30 June 2016.

5. For the above problem, what is the accumulated depreciation total 30 March 2017.