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On January 1, 2015. JAZ Marketing bought a company car for $20,000. It has estimated residual value of $2,000 and an estimated useful life of

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On January 1, 2015. JAZ Marketing bought a company car for $20,000. It has estimated residual value of $2,000 and an estimated useful life of five years. The company uses double-ded amortization schedule for the car. Before completing the double-declining-balance schedule, calculate the double declining balance rate (Round the rate to two decimal places.) SL Amortization Rate DDB Multiplier X DDB rate Complete the Double Declining Balance Amortization Schedule Start by completing the first two years, and then complete the remaining yours. (Enter the rate to two decimal places. Rou nearest whole number. Enter the final year using the method described in the text. If a box is not used in the table, leave the box empty, do not enter a zero.) Double Declining Balance (DB) Amortization Schedule Asset DDB Asset Book Amortization Accumulated Asset Date Cost Rate Value Expense Amortization Book Value Jan 1, 2015 Dec 31, 2015

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