Bruce Lee corporation purchased a truck which cost $57,540 and it has a six year useful life. The company believes that the truck will have a salvage value of $9000. The purchase was done on June 1, 2020. the company uses double declining to depreciate its assets.

Required 1. The asset is depreciated at a double declining method. Show the schedule of depreciation of this asset. 2. Journalize the depreciation expense in the first and fourth year 3. Give an extract of the balance sheet of year 2019.