Question 6: Cost of Equipment $20,000 useful life 4 years, residual value $500. Prepare a depreciation schedule for this equipment using double declining balance method of depreciation. (5 Points) Year Depreciation Expense Accumulated Depreciation Book Value Ouestion7 The following are the end of the year balances before adjustments: Balance of Accounts Receivable account $29,000 Balance of Allowance for Bad Debt account $1,500 Balance of Sales account $200,000 End of the year using aging method company estimated the Bad Debt to be $4,000 1. Calculate the Bad Debt expense for the year. 2. Calculate the balance of the Allowance for Bad Debt account after the adjustment