12-31-2022 0.60 X 20,000 = 12,000 84,000 8,000 Prepare a depreciation schedule using the double-declining-balance (DDB) method. (Round depreciation expense to the nearest whole dollar.) $ Double-Declining-Balance Depreciation Schedule Depreciation for the Year Asset Book DDB Depreciation Accumulated Date Cost Value Rate Expense Depreciation 1-3-2018 $ 92,000 12-31-2018 92,000 x 36,800 $ 36,800 12-31-2019 55,200 XL 22,080 12-31-2020 33,120 L 13,248 7,949 12-31-2021 19,872 X 3,923 11,923 12-31-2022 Book Value 92,000 55200 33,120 19,872 11,923 8,000 Choose from any list or enter any number in the input fields and then click Check Answer. Clear All 1 part remaining A tA On January 3, 2018, On Time Delivery Service purchased a truck at a cost of $80,000. Before placing the truck in service, On Time spent $2,200 painting it, $2,500 replacing tires, and S7,300 overhauling the engine. The truck should remain in service for five years and have a residual value of $8,000. The truck's annual mileage is expected to be 30,000 miles in each of the first four years and 20,000 miles in the fifth year-140,000 miles in total. In deciding which depreciation method to use, Mikail Johnson, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units of production, and double-declining balance) Question Help Read the requirements 30,000 - 72,000 20,000 20,000 = 84.000 8.000 Prepare a depreciation schedule using the double declining balance (DDB) method. (Round depreciation expense to the nearest who dollar) 12-31-2021 12-31-2022 0.60 x 0.60 18,000 12,000 Date Double-Declining-Balance Depreciation Schedule Depreciation for the Year Asset Book DDB Depreciation Accumulated Value Rate Expense Depreciation 1-3-2018 S 92,000 92,000 $ 35,800 $ 36,800 12-31-2019 55.200 22.080 33.120 7. 12-31-2021 19,872 x 11.923 Book Value 12-31-2018 92,000 12-31-2020 55200 12-31-2022 13.248 7,949 3.923 33. 120 19.872 11.923 8.000 Choose from any list or enter any number in the input fields and then click Check Answer 1 part remaining Final Check Prisen Home