Straight-line Depreciation Method Assume that Sam Company purchased factory equipment on January 1, 2018, for $80,000. The equipment has an estimated life of five years and an estimated residual/salvage value of $6,000. 1 Complete the depreciation schedule using the Straight-line Method. 2 Record the first year of depreciation expense. 3 What is the net book value of the equipment on 12.31.18? Sample Company Depreciation Schedule Straight Line Method End of Year Amounts Depreciation Accumulated Expense Depreciation Depreciable Cost Year 12.31.18 12.31.19 12.31.20 12.31 21 12.31.22 3 Historical cost (Accumulated depreciation) Net book value Capitalization SI D DB GainLoss +