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Please use the provided information to prepare the Depreciation Table (Straight-Line Method; Double Declining Balance Method; and Sum of Digit Method) ** Please review the
Please use the provided information to prepare the Depreciation Table (Straight-Line Method; Double Declining Balance Method; and Sum of Digit Method) ** Please review the video on Wednesday(11/17) that we did this exercise in virtual live class** Company invested heavy duty equipment for business purpose in the amount of $45,000, estimated salvage value $5,000, useful life 5 years. (1) Straight Line Method Year Book Value Depreciation Expense Depreciation Annual Rate Depreciation Accumulated Depreciation 1 20% 2 20% 3 20% 4 20% 5 20% [2Double Declining Balance Method Year Book Value Beginning Balance Declining Annual Depreciation Depreciation Rate Accumulated Depreciation 1 40% 2 40% 3 40% 4 40% 5 40%
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