DEPRECIATION $(5$ marks$)$

Company JGSS purchases equipment costing $$50000,$ which it expects to last for $12$ years and to have a salvage value of $$2000.$

Prepare a schedule of depreciation for the first five years using the declining$-$bala: Canada Revenue Agency's prescribed rate for depreciation is $30\%.$

$\backslash$table$[[$Year$,$Declining Balance$],[$Depreciation$,$Balance$],[,,$$$50000\mathrm{.}00$