Instructions: a) Prepare five years depreciation schedule, using straight line method. b) Journalize the adjusting entry for depreciation expense on Dec. 31, 20021. Solution: a Dep. Schedule: Depreciable. Dep. Annual Accumulated *Book Year Cost x Rate =Dep. Exp. Dep. Value 2005 X 2006 X 2007 x 2008 XX 20091 Book value = original cost accumulated depreciation Solution: b Dr Cr