Rapture Company purchased a new car for use in its business on January 1, 2020. It paid $20,000 for the car. Rapture expects the car to have a useful life of four years with an estimated residual value of zero. Rapture expects to drive the car

30,000 miles during 2020, 35,000 miles during 2021, 20,000 miles in 2022, and 40,000 miles in 2023, for total expected miles of 125,000.

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Double-declining-balancemethod

Annual

Depreciation

Accumulated

Expense

Depreciation

Book Value

Year

Start

2020

2021

2022

2023

Rapture Comery purchased for babies on January 1, 2020. paid $20,000 for the car. Raplare expect the car to have a slite o four years with an estimated violare Raphare expects to dive me car 000 dang 2000, 38.000 2001 20.000 in 2012, 0.0002023, for elecedor 125.000 Reed Controle. Era unas) Deubledece balance method Al Depreciation Accumulated Expose Dertion Back Value Year 2001 2022 2023