2. Mikes Bikes decided on a new fleet of new delivery vans totaling $148,000. Delivery charges were $2,200, and installation of their high-capacity refrigerators amounted to $1,800. The equipment is expected to last four years and has a residual value of $3,000. If the company elects to use the straight-line depreciation method, prepare a depreciation schedule for these assets.

Sienna's Health & Fitness
Straight-Line Depreciation Schedule
Manufacturing Equipment
End of Year	Annual Depreciation	Accumulated Depreciation	Book Value
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3. Sienna's Healthy bought a computerized engraving machine for personalized weight belts for $33,800. It is expected to have a 5-year useful life and a trade-in value of $2,700. Prepare a depreciation schedule for the first three years using the machine's 150% declining balance method.

Sienna's Health & Fitness
Declining Balance Schedule
End of Year	Beginning Book Value	Depreciation Rate	Depreciation for the year	Accumulate Depreciation	Ending Book Value
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2
3