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DOUBLE DECLINING BALANCE On March 31, 2020 Rats be Gone Inc., purchased equipment for $95,000 that makes rat traps. RBG Inc. also paid $2,300 for

DOUBLE DECLINING BALANCE On March 31, 2020 Rats be Gone Inc., purchased equipment for $95,000 that makes rat traps. RBG Inc. also paid $2,300 for frieght and $2,700 for installation. The equipment is expected to last 4 years and have a salvage value of $10,000. RbG Inc expects the machine to produce a total of 30,000 rat traps. 1) REQUIRED Using the same facts related to the equipment purchased for RbG Inc to complete the depreciation schedule using Double Declining Balance Method. Show your work: DDB depr. Rate Beg. NBV Depr. Rate Depr. Exp Accum Depr Ending NBV Year 2020 Apr - Dec 2021 2022 2023 2024 2) Complete an exert of the Balance Sheet Presentation on 12/31/22

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