On January 1, 2018, Star Inc. purchased equipment for the new plant. The company paid $386,000 for the new equipment. Assume the company uses the double-declining balance method to depreciate the equipment and that the machines have an expected useful life of 4 years with no residual value. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole dollar. a) Prepare the following schedule to record the depreciation expense, accumulated depreciation and net book value for the 4 years. Year Beginning of Year Book Value Depreciation Expense Accumulated Depreciation to Date Net Book Value 2018 2019 Accounts Payable 2020 Accounts Receivable 2021 Accumulated Depreciation Cash Depreciation Expense b) Give the ion expense at the end of 2019. Rent Expense Salaries Expense Date Debit Credit Dec 31 Sales Revenue Supplies Expense Travel Expense Unearned Revenue Utilities Expense expense for 2019 Contact us On January 1, 2018, Star Inc. purchased equipment for the new plant. The company paid $386,000 for the new equipment. Assume the company uses the double-declining balance method to depreciate the equipment and that the machines have an expected useful life of 4 years with no residual value. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole dollar. a) Prepare the following schedule to record the depreciation expense, accumulated depreciation and net book value for the 4 years. Year Beginning of Year Book Value Depreciation Expense Accumulated Depreciation to Date Net Book Value 2018 2019 2020 2021 b) Give the journal entry to record depreciation expense at the end of 2019. Date Dec 31 Description To record depreciation expense for 2019 Debit Credit Contact us