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On May 13, 2018. Cabe Company bought equipment for $7.800. Its estimated life is 4 years with a residual value of $480. Prepare depreciation schedules

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On May 13, 2018. Cabe Company bought equipment for $7.800. Its estimated life is 4 years with a residual value of $480. Prepare depreciation schedules for 2018, 2019, and 2020 for (a) straight-line and (b) double declining balance at twice the straight-line rate methods. (a) Complete the depreciation schedule using the straight-line method. (Do not round intermediary calculations. Only round the amounts you enter into the table belo to the nearest dollar.) Accumulated End of Cost of Depreciation Depreciation, Book Value, Year Equipment Expense End of Year End of Year 2018 2019 2020 b) Complete the depreciation schedule using the double declining-balance at twice the straight-line method. (Do not round intermediary calculations. Only round th amount you input in the cell to the nearest dollar. Complete all answer boxes. Enter a *o* for any zero balances.) Accumulated Accumulated End of Cost of Depreciation, Book Value, Depreciation Depreciation, Book Value, Year Equipment Beg. of Year Beginning of Year Expense End of Year End of Year 2018 2019 2020

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