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.