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Delicious Baked Chicken bought equipment on January 2, 2018, for $36,000. The equipment was expected to remain in service for four years. At the end
Delicious Baked Chicken bought equipment on January 2, 2018, for $36,000. The equipment was expected to remain in service for four years. At the end of the equipment's useful life, Delicious estimates that its residual value will be $6,000. Required Prepare an amortization schedule using the double-declining-balance (DDB) method. (Enter a "0" for any items with a zero value.) Double-Declining-Balance Amortization Schedule Amortization for the Year Asset Book DDB Amortization Accumulated Book Date Cost Value Rate Expense Amortization Value 1-2-2018 12-31-2018 x 12-31-2019 12-31-2020 = 12-31-2021 Required Prepare a schedule of amortization expense, accumulated amortization, and book value per year for the equipment under the double-declining-balance method. Show your computations. Choose from any list or enter any number in the in Print None
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