Sandys Cookies purchased a Point-of-Sale (POS) cash register computer on July 1, 2022.

Cost $13,000

Expected salvage value $1,000

Estimated useful life (in years) 5

Estimated useful life (in miles) 100,000

Using the information above and assuming Bills Pizza uses the Double Declining Balance method of deprecation, answer the following questions below.

(a) What is the depreciable cost of the POS system? _________________

(b) What is the useful life of the POS system under this depreciation method? _________________

(c) What is the Depreciation Expense for the 2nd year of use? _________________

(d) What is the Book Value of the POS system at the end of the 3rd year? _________________

(e) What is the Accumulated Depreciation account balance at the end of year 4? _________________

(f) What is the Depreciation Expense for the 5th year? _________________

(g) What is the Journal entry to book the depreciation expense for year 5?_________________