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Calculate using double declining balance method Rapture, Inc., purchased a new car for use in its business on January 1, 2015. $27,000 for the car

image text in transcribedCalculate using double declining balance method
Rapture, Inc., purchased a new car for use in its business on January 1, 2015. $27,000 for the car Rapture expects the car to have a useful lie of four years with an estimated residual value of zero at the end of the four years. Rapture expects to drive the car 40,000 miles during 2015, 25.000 miles during 2016, 50,000 miles in 2017, and 65.000 miles in 2018, for total expected miles 180,000. Using the double-declining-balance method of depreciation, calculate the following amounts for the car for each of the four years of its expected life: a. Depreciation expense b. Accumulated depreciation balance c. Book value (Complete all answer boxes. Enter a 0" for any zero values.)

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