Double Decline balance (DDB) doubles the depreciation rate from 20 percent to 40 percent, but it is applied to the beginning (previous ending) book value balance. Please see the Intermediate Accounting slides for tips. We will continue with financial accounting DDB (not tax MACRS depreciation). Prepare a table showing depreciation expense and book value for an asset depreciated using straight line depreciation. However, express all numbers as percentages of purchase price, and assume no residual value. For example, in year 1, depreciation expense is 40 percent and the ending book value is 60|| percent. Complete for years 2 through 5. This problem is a bit different than in the slides because there is no residual value. You will need to manually enter year 5 depreciation to equal the ending balance of year 4 (so that the balance at the end of year 5 is zero). DDB over 5 years (not tax) End of year basis 60% 40.0% year 1 year 2 year 3 year 4 year 5 Total