On January 1, 2018, On Time Delivery Service purchased a truck at a cost of $65,000. Before placing the truck in service, On Time spent $3,000 painting it, $2,500 replacing tires, and $9,000 overhauling the engine. The truck should remain in service for five years and have a residual value of $6,000. The truck's annual mileage is expected to be 23,000 miles in each of the first four years and 13,000 miles in the fifth year105,000 miles in total. In deciding which depreciation method to use, Alec Rivera, the general manager, requests a depreciation schedule for double-declining-balance.

Prepare a depreciation schedule using the double-declining-balance (DDB) method. (Round depreciation expense to the nearest whole dollar.)

Double-Declining-Balance Depreciation Schedule
		Depreciation for the Year
	Asset	Book		DDB		Depreciation	Accumulated	Book
Date	Cost	Value		Rate		Expense	Depreciation	Value
1-1-2018	79,500							79,500
12-31-2018		79,500	x	2 x (1/5)	=	31,800	31,800	47,700
12-31-2019		47,700	x	2 x (1/5)	=	19,080	50,880	28,620
12-31-2020		28,620	x	2 x (1/5)	=	11,448	62,328	17,172
12-31-2021		17,172	x	2 x (1/5)	=	6,868.80	69,196.80	10,303.20
12-31-2022								6,000