Depreciation Calculations $--$ Double$-$Declining Balance

On January $1,2022,$ Betelle Company bought some manufacturing equipment for $$450,000.$ Betelle plansto use

the equipment for $3$ years or to manufacture $300,000$ mufflers, and estimates that it will be worth $$90,000$ at the

end of its useful life. Betelle paid $$39,000$ to have the equipment installed.

Required: Using the template provided and double$-$declining balance depreciation, calculate the annual

depreciation expense and book value at the end of each year for the equipment.

When calculating annual depreciation expense, do not round the intermediate calcuations, but DO round the final

result to the nearest dollar.

When you have completed the depreciation table, use the applicable data to record the journal entries related to

the equipment.