Conok Company has a fiscal year ending on Dec 31 each year. The company purchased (on April 1, 2015) equipment with a total cost of $500,000, estimated useful life of 10 years, and estimated salvage value of $70,000. On Jan 1, 2017, the company automated the equipment at a cost of $200,000 to facilitate 24 hours operations. This doubled production of the asset but the useful life was decreased by 4 years. Prepare a depreciation table (like the one shown below) to calculate the depreciation expense and the accumulated depreciation each year using the double declining balance method.

Conck Company has a fiscal year ending on Dec 31 each year. The company purchased on April 1, 2015) equipment with a total cost of $500,000, estimated useful life of 10 years, and estimated salvage value of $70,000. On Jan 1, 2017, the company automated the equipment at a cost of $200,000 to facilitate 24 hours operations. This doubled production of the asset but the useful life was decreased by 4 years. Prepare a depreciation table (like the one shown below) to calculate the depreciation expense and the accumulated depreciation each year using the double declining balance method. BEGINNING NET DEPRECIATION DEPRECIATION ACCUMULATED ENDING NET BOOK YEAR BOOK VALUE RATE (%) EXPENSE DEPRECIATION VALUE 2015 2016 2017 2018 2019 2020 2021 TOTAL