The company above depreciate the building using double declining approach. Additional information is provided to depreciate the building . they are as follows: Estimated salvage value = $70,000 Estimated useful life = 6 years Purchase date = April 30, 2018 REQUIRED 1. Make a depreciation schedule for the building using double declining method. 2. Journalize the depreciation expense for year 2018 3. Give a balance sheet extract for the year 2020. 4. Journalize the sale of building if it was sold for $70,000 after being depreciated completely.

(provide steps)

Assets Land Building Equipment Market Value $ 310,000 230,000 160,000