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 $ 27,500

Residual value $ 5,500

Estimated life 5 years

Drill Problem 17-7 to 17-10 (Algo) [LU 17-3 (2)] 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 $ 27,500 $ 5,500 5 years End of year Depreciation expense for year Accumulated depreciation at end of year Book value at end of year Accumulated Cost of Chevy Book value at truck depreciation at beginning of year beginning of year $ 27,500 $ 0 $ 27,500 $ 27,500 $ 27,500 27,500 1 2 3 2 4 $