1. Create a double-declining balance depreciation table and annual journal entries

Equipment Cost Salvage Life 10,000 1,000 5 Double-Declining Balance Method of Depreciation Beginning Depreciation Accumulated Ending Book Book Value DDB Rate Expense Depreciation Value 1 Year 2 3 4 5 General Journal Debit Accounts Credit Depreciation Expense Accumulated Depreciation Depreciation Expense Accumulated Depreciation Depreciation Expense Accumulated Depreciation Depreciation Expense Accumulated Depreciation Depreciation Expense Accumulated Depreciation