On January 2, 2018, the Jackson Company purchased equipment to be used in its manufacturing process. The equipment has an estimated life of eight years and an estimated residual value of $32,250. The expenditures made to acquire the asset were as follows:

Purchase price	$	159,500
Freight charges		2,400
Installation charges		4,500

Jacksons policy is to use the double-declining-balance (DDB) method of depreciation in the early years of the equipments life and then switch to straight line halfway through the equipments life. Required:

1. Calculate depreciation for each year of the assets eight-year life.

Depreciation for the Period End of Period Beginning of Period Book Depreciation Annual Depreciation Depreciation umulated Book Value Year Rate Value 2018 2019 2020 2021 2022 2023 2024 2025 Total