On July 1, 2017, Yorkton Company purchased for $450,000 equipment having an estimated useful life of five years with an estimated residual value of $24,000. Depreciation is calculated to the nearest month. The company has a December 31 year-end. Required: Complete the following schedules: (Round intermediate calculations to the nearest whole dollar. Amount to be deducted should be indicated by a minus sign.)

2017 2018 2019

1. Double Declining-Balance Method

Equipment

Less: Accumulated Depreciation

Year-end Book Value

Depreciation expense for the year

2. Straight-Line Method

Equipment

Less: Accumulated depreciation

Year-End Book Value

Depreciation Expense for the year