On January 1, 2022, Betelle Company bought some manufacturing equipment for $450,000. Betelle plans to use the equipment for 3 years or to manufacture 300,000 mufflers, and estimates that it will be worth $90,000 at the end of its useful life. Betelle paid $39,000 to have the equipment installed.

1. Required: 
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3. Using Double-declining balance depreciation, calculate the annual depreciation expense and book value at the end of each year for the equipment.
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5. When calculating annual depreciation expense, do not round the intermediate calculations, but DO round the final result to the nearest dollar.
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7. When you have completed the depreciation table, use the applicable data to record the journal entries related to the equipment