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estimated at four years. Can you prepare a depreciation schedule assuming twice the straight-line rate? Karen uses the declining-balance method. 2. Using the declining-balance method, complete the table as shown (twice the straight-line rate): Auto: $30,000 Estimated life: 5 years Residual value: $800 Year Cost Accumulated Book Depreciation Accumulated Book Depreciation ValueExpense Depreciation Value | E..V ..Y ..Y . $30,000 2 $30,000 3 $30,000 3. Young Corporation bought a car wih an estimated life of five years for $25000 The rsidual value of the car is $5,000. After three years, the car was sold for $11,000. What was the difference between book d the straight-line method of depreciation