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