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2. By declining-balance method, complete the table as shown. (Twice straight-line rate) Auto $30,000 Estimated life: 5 years Residual value $800 Year Cost Aecum Dep

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2. By declining-balance method, complete the table as shown. (Twice straight-line rate) Auto $30,000 Estimated life: 5 years Residual value $800 Year Cost Aecum Dep Book Value Depreciation Accum Dep Book Value BOY BOY Expense EOY EOY 130,000 2 30,000 3 30,000 Determine Cost Recovery for the following: Method Purchased Recovery Class Recovery Year Cost Recovery Cost MACRS July 20 5,000 MACRS Nov 5 11,000 20 13

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