15. (5pt) Historically, Nadia has found that newer vehicles are rented more frequently that older vehicles. In an attempt to tie rental revenues to depreciation Nadia has used an accelerated depreciation method expensing depreciation by 30% in 2019, 25% in 2020, 20% in 2021, 15% in 2022 and 10% in 2023. Complete the depreciation schedule. Use the information from Problem 14 to solve. Year Depreciable Depreciation Depreciation Accumulated Book Value Cost Rate Expense Depreciation 2019 2020 2021 2022 2023

16. (5 pts) At the end of 2022, the RV is destroyed as result of a freak tornado. The insurance company deems this is an act of God and therefore not covered by insurance. Create a journal entry to record the disposal of this asset. Use your responses to Question #15 to answer this question.