make a straight line depreciation schedule on June 1 2013 for 88,000 and estimated salvage value to be 16,000 over a 5 year period ending in June 2018.

Okposo Company purchased equipment on June 1, 2013 for $88,000 and estimated salvage value to be 516,000 ar equipment using the straight-line method. Use the following format and prepare the Depreciation Schedule. Year Depreciable Base Rate Partial Year 2013 Depreciation Expense Accumulated Depreciation Book