Depreciation Schedules & Disposals Madrigal Corporation acquired a new vehicle for $82,000. The asset has a 5 year expected useful life and a residual value of $7,000. Prepare depreciation schedules for all five years under both the straight-line and double-declining balance methods Straight Line Method Year Depreciation Expense Net Book Value Accumulated Depreciation L3 5 Double-Declining Balance Method Year Depreciation Expense Net Book Value Accumulated Depreciation 1 | 3 4 5