for $33,000 on january 1 in year 1 Question 4 company A purchased a Car It will have a residual value of and a useful life of it has a year end on june 30th $6,000 9 years a) using the straight line method, create the entries for depreciation for the first and the 2 years. between january 1st june 30th 6 months = 50% 50% Description DR Date year 1 CR year 2 b) what would the entry in the last year? Date Description year 10 DR CR Question 5 Company B purchased new Computers for which had an expected useful life of the company uses the double decling balance method of deprecation the company has a year end of dec 31st, $70,000 on Tanuary 1st 2011 7 years and a salvage value of 2500 depreciation expense Acc. Deprecation BY a) complete the following table. Tear Opening HBY 1 2 3 4 5 6 b) create the journal entry if the Computers Was sold for $30,000 on jan 1st in year 3 Description DR CR Date year 5