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Foyle Company purchased a new van for floral deliveries on January 1, 2017. The van cost $56,000 with an estimated life of 5 years and

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Foyle Company purchased a new van for floral deliveries on January 1, 2017. The van cost $56,000 with an estimated life of 5 years and $5,000 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used. Prepare a depreciation schedule. You can copy and paste the below table into the answer box and then complete the table. End of year Dep Exp Accum Dep Book Value

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