Kenartha Oil paid $483,900 for equipment that will last five years and has a residual value of $114,000. By using the machine for five years they expect to earn $180,000 annually, after deducting all expenses except depreciation. Complete the schedule below assuming each of (a) straight-line depreciation and (b) double-declining depreciation.

Exercise 9-12

its from the book

Fundamental Accounting Principles Volume 2 seventeenth Canadian Edition