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Quiz Corporation purchased the following asset on April 1, 2021: Cost of Asset: $210,000 Residual Value: $10,000 Estimated Useful Life: 4 years or 125,000 miles

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Quiz Corporation purchased the following asset on April 1, 2021: Cost of Asset: $210,000 Residual Value: $10,000 Estimated Useful Life: 4 years or 125,000 miles Miles Driven Year 1 Year 2 Year 3 Year 4 Year 5 15,000 22,000 25,000 30,000 33,000 Required Method 2: Double Declining Balance Year Expense Accumulated Depreciation Book Value 1 2 3 4 4 5

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