Determine the Depreciation Expense using a Depreciation Schedule.

ACC 121 Student Name A piece of equipment was purchased for $35,000 cash. The equipment has a life expectancy of four (4) years. It will have a scrap value of $5,000 at the end of the four years. Determine the Depreciation Expense using a Depreciation Schedule. Straight Line Depreciation Method Year Beginning Depreciation Accumulated Ending Book Book Value Expense Depreciation Value 1 2 3 4 5 Double Declining Balance Method Year Beginning Depreciation Depreciation Accumulated Ending Book Book Value Percentage Expense Depreciation Value 1 2 3 4 5