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Prepare the depreciation schedule, using the declining-balance method (twice the straight-line rate). Note: Input all amounts as positive values. Leave no cells blank - be
Prepare the depreciation schedule, using the declining-balance method (twice the straight-line rate). Note: Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Chevrolet Colorado $ 25,000 Residual value $ 5,000 Estimated life 5 years
Cost of truck | Accumulated Depreciation at beginning of year | Book Value at beginning of year | Depreciation expense for year | Accumulated Depreciation at end of year | Book value at end of year | |
End of year 1 | ||||||
End of year 2 | ||||||
End of year 3 | ||||||
End of year 4 | ||||||
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