Depreciation - Straight Line (15 points) Click Clicky Purchased a vehicle on January 1, 2007 for $69,000 The equipment had a five year life and salvage value of $7,000 Instruction: Prepare a depreciation Schedule for 5 years using the Double Declining Balance Method. Record the purchase and first year depreciation. Date Cost Beg. BV Date Particulars Debit Credit Depr. Accum. Ending Expen. Depr. BV