Question
. Determine the annual depreciation expense for each of the estimated five years of use, the accumulated depreciation at the end of each year, and
. Determine the annual depreciation expense for each of the estimated five years of use, the accumulated depreciation at the end of each year, and the book value of the equipment at the end of each year by (a) the straight-line method and (b) the double-declining-balance method. Round your answers to the nearest whole dollar.
a. Straight-line method
|
| Accumulated Depreciation, |
|
Year | Depreciation Expense | End of Year | Book Value, End of Year |
1 | |||
2 | |||
3 | |||
4 | |||
5 |
b. Double-declining-balance method
|
| Accumulated Depreciation, |
|
Year | Depreciation Expense | End of Year | Book Value, End of Year |
1 | |||
2 | |||
3 | |||
4 | |||
5 |
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