A printing press that costs $287,800 is depreciated using the 1.5 declining-balance method. the scrap value of the press is estimated to be $5,000 and the press has an expected life of 20 years. Prepare the first year of a depreciation schedule.

A printing press that costs $287,800 is depreciated using the 15 declining balance method. The scrap value of the press is estimated to be $5,000 and the press has an expected life of 20 years. Prepare the fist year of a depreciation schedule. Complete the table