A company purchased a new bicycle on January 1, 2021, for $ 950. The company paid $50 of commission to the seller. The company expects to use bicycles for three years. The residual value is $100.

a, Complete the following depreciation table assuming the straight-line method

b, Calculate the same table assuming double-declining -balance method

c, Journalize and post the first two years of depreciation ( using the double declining-balance method)