DOUBLE DECLINING BALANCE ll Type of car: Porsche Depreciation Expense Accumulated Depreciation Carrying Value Cost of Car: $78,100 Year 1 Useful Life: 5 years Year 2 Residual Value: $3,100 Year 3 Year 4 Estimated Miles: 100,000 Miles by Year: Year 1: 28,000 Year 2: 35,000 Year 3: 25,000 Year 4: 12,000 Year 5 Year 6 Year 7 STRAIGHT-LINE DEPRECIATION UNITS OF PRODUCTION METHOD Depreciation Expense Accumulated Depreciation Carrying Value Depreciation Expense Accumulated Depreciation Carrying Value Year 1 Year 2 Year 1 Year 3 Year 2 Year 4 Year 3 Year 5 Year 4 Year 6 Year 5 Year 7 Year 6 Year 7