Bramble Corporation purchased machinery on January 1, 2022, at a cost of $256,000 The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $30,600 The company is considering different depreciation methods that could be used for financial reporting purposes Prepare separate depreciation schedules for the machinery using the straight line method, and the declining balance method using double the straight line rate STRAIGHT LINE DEPRECIATION Computation End of Year Years Depreciable Cost x Depreciation Rate Annual Depreciation Expense Accumulated Depreciation Book Value 2022 $enter a dollar amount enter a Depreciation Rate in percentages $enter a dollar amount $enter a dollar amount $enter a dollar amount 2023 enter a dollar amount enter a Depreciation Rate in percentages enter a dollar amount enter a dollar amount enter a dollar amount 2024 enter a dollar amount enter a Depreciation Rate in percentages enter a dollar amount enter a dollar amount enter a dollar amount 2025 enter a dollar amount enter a Depreciation Rate in percentages enter a dollar amount enter a dollar amount enter a dollar amount $enter a total for the Annual Depreciation Expense column in dollars DOUBLE DECLINING BALANCE DEPRECIATION Computation End of Year Years Book Value Beginning of Year Depreciation Rate Annual Depreciation Expense Accumulated Depreciation Book Value 2022 $enter a dollar amount enter a Depreciation Rate in percentages $enter a dollar amount $enter a dollar amount $enter a dollar amount 2023 enter a dollar amount enter a Depreciation Rate in percentages enter a dollar amount enter a dollar amount enter a dollar amount 2024 enter a dollar amount enter a Depreciation Rate in percentages enter a dollar amount enter a dollar amount enter a dollar amount 2025 enter a dollar amount enter a Depreciation Rate in percentages 1,400 enter a dollar amount enter a dollar amount $enter a total for the Annual Depreciation Expense column in dollars

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Bramble Corporation purchased machinery on January 1, 2022, at a cost of $256,000. The estimated useful life of the machinery is 4 years, with an

Bramble Corporation purchased machinery on January 1, 2022, at a cost of $256,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $30,600. The company is considering different depreciation methods that could be used for financial reporting purposes.

Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate.

STRAIGHT-LINE DEPRECIATION
	Computation						End of Year
Years	Depreciable Cost	x	Depreciation Rate		=	Annual Depreciation Expense	AccumulatedDepreciation	Book Value
2022	$enter a dollar amount		enter a Depreciation Rate in percentages	%		$enter a dollar amount	$enter a dollar amount	$enter a dollar amount
2023	enter a dollar amount		enter a Depreciation Rate in percentages	%		enter a dollar amount	enter a dollar amount	enter a dollar amount
2024	enter a dollar amount		enter a Depreciation Rate in percentages	%		enter a dollar amount	enter a dollar amount	enter a dollar amount
2025	enter a dollar amount		enter a Depreciation Rate in percentages	%		enter a dollar amount	enter a dollar amount	enter a dollar amount
						$enter a total for the Annual Depreciation Expense column in dollars

DOUBLE-DECLINING-BALANCE DEPRECIATION
	Computation						End of Year
Years	Book Value Beginning of Year	Depreciation Rate		=	Annual Depreciation Expense		Accumulated Depreciation	Book Value
2022	$enter a dollar amount	enter a Depreciation Rate in percentages	%		$enter a dollar amount		$enter a dollar amount	$enter a dollar amount
2023	enter a dollar amount	enter a Depreciation Rate in percentages	%		enter a dollar amount		enter a dollar amount	enter a dollar amount
2024	enter a dollar amount	enter a Depreciation Rate in percentages	%		enter a dollar amount		enter a dollar amount	enter a dollar amount
2025	enter a dollar amount	enter a Depreciation Rate in percentages	%		1,400	^*	enter a dollar amount	enter a dollar amount
					$enter a total for the Annual Depreciation Expense column in dollars