On January 1, 2018, Star Inc. purchased equipment for the new plant. The company paid $386,000 for the new equipment. Assume the company uses the double-declining balance method to depreciate the equipment and that the machines have an expected useful life of 4 years with no residual value. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole dollar. a) Prepare the following schedule to record the depreciation expense, accumulated depreciation and net book value for the 4 years. Year Beginning of Year Book Value Depreciation Expense Accumulated Depreciation to Date Net Book Value 2018 2019 2020 ? Accounts Payable Accounts Receivable Accumulated Depreciation Cash 2021 Credit Depreciation Expense b) Give the Rent Expense fion expense at the end Salaries Expense Date Sales Revenue Debit Supplies Expense Dec 31 Travel Expense Unearned Revenue Utilities Expense STYTUCW UEWEGIOTUIT PACISC for 2019 Contact us On January 1, 2018, Star Inc. purchased equipment for the new plant. The company paid $386,000 for the new equipment. Assume the company uses the double-declining balance method to depreciate the equipment and that the machines have an expected useful life of 4 years with no residual value. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole dollar. a) Prepare the following schedule to record the depreciation expense, accumulated depreciation and net book value for the 4 years. Year Beginning of Year Book Value Depreciation Expense Accumulated Depreciation to Date Net Book Value 2018 2019 2020 2021 b) Give the journal entry to record tion expense at the end of 2019. Date Description Debit Credit Dec 31 Contact us! To record depreciation expense for 2019