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Bramble Limited purchased a new computer system for $ 2 0 5 , 0 0 0 . It is estimated that the computer will have
Bramble Limited purchased a new computer system for $ It is estimated that the computer will have a $ residual value
at the end of its fiveyear useful service life. The doublediminishingbalance method of depreciation will be used.
Prepare a depreciation schedule that shows the annual depreciation expense on the computer system for its fiveyear life. Hint: It
might require an adjustment in the final year of depreciating an asset in order for the carrying amount to equal the residual value.
Round answers to decimal places, eg
fill in the
carrying amount begining of year
depreciation rate
annual depreciation expense
accumlated depreciation
carrying amount end of year
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