Using the Double-Declining-Balance method of depreciation, calculate the following amounts for the car for each of the four years of its expected life: a. Depreciation expense b. Accumulated depreciation balance C. Book value Year Double-Declining-Balance Method Depreciation Accumulated Expense Depreciation Book Value Start 2017 2018 2019 2020 Using the Double-Declining-Balance method of depreciation, calculate the following and record the appropriate journal entry assuming all events occurred at end of 2018. a. Assume the car was involved in an accident, damaged beyond repair, and disposed of. b. Assume the car was involved in an accident and sold for $1,000. c. Assume the car was limited edition and resold for $24,000. Debit Credit Account Date (a) 12/31/18 Using the Double-Declining-Balance method of depreciation, calculate the following and record the appropriate journal entry assuming all events occurred at end of 2018. a. Assume the car was involved in an accident, damaged beyond repair, and disposed of. b. Assume the car was involved in an accident and sold for $1,000. C. Assume the car was limited edition and resold for $24,000. Account Debit Credit Date fa) 12/31/18 Debit Credit Account Date (b) 12/31/18 Account Debit Credit Date (c) 12/31/18 1 Using the Double-Declining-Balance method of depreciation, calculate the following amounts for the car for each of the four years of its expected life: a. Depreciation expense b. Accumulated depreciation balance C. Book value Year Double-Declining-Balance Method Depreciation Accumulated Expense Depreciation Book Value Start 2017 2018 2019 2020 Using the Double-Declining-Balance method of depreciation, calculate the following and record the appropriate journal entry assuming all events occurred at end of 2018. a. Assume the car was involved in an accident, damaged beyond repair, and disposed of. b. Assume the car was involved in an accident and sold for $1,000. c. Assume the car was limited edition and resold for $24,000. Debit Credit Account Date (a) 12/31/18 Using the Double-Declining-Balance method of depreciation, calculate the following and record the appropriate journal entry assuming all events occurred at end of 2018. a. Assume the car was involved in an accident, damaged beyond repair, and disposed of. b. Assume the car was involved in an accident and sold for $1,000. C. Assume the car was limited edition and resold for $24,000. Account Debit Credit Date fa) 12/31/18 Debit Credit Account Date (b) 12/31/18 Account Debit Credit Date (c) 12/31/18 1