A small delivery truck was purchased on January 1 at a cost of $26,500. It has an estimated useful life of four years and an estimated salvage value of $5,300.

Prepare a depreciation schedule showing the depreciation expense, accumulated depreciation, and book value for each year under the double-declining-balance method. If an amount box does not require an entry, leave it blank.

Accumulated Depreciation End of Year Book Value Beginning of Year x Book Value End of Year Year Rate (96): Depreciation Expense 4 Accumulated Depreciation End of Year Book Value Beginning of Year x Book Value End of Year Year Rate (96): Depreciation Expense 4