The Fluffy Laundromat purchased new washing machines and dryers for $61,000. The machines are expected to last 4 years and have a residual value of $10,000. Prepare a depreciation schedule by using the 150% declining-balance method.

The Fluffy Laundromat purchased new washing machines and dryers for $42,000. Shipping charges were $340 and installation amounted to $675. The machines are expected to last for 4 years and have a residual value of $4000. If Fluffy elects to use the straight-line method of depreciation, prepare a depreciation schedule for these machines. End of Year Annual Depreciation Accumulated Depreciation Book Value 1 $ $ $ 2 $ $ 3 $ 4 $ $4000