Using the same purchase information at the beginning of the question, prepare the table
assuming that the company used double-declining balance approach for depreciation and
the asset has no residual value.

Equipment was purchased on December 31, 2012 for $50,000. The assets is expected to last for four years, at which time the estimated

resiudal value will be $10,000.

Prepare a table showing the year, the cost of the asset, the amount of depreciation expense each

year, accumulated depreciation to date and net book value. The company uses straight-line dep'n.

Using the same purchase information at the beginning of the question, prepare the table
assuming that the company used double-declining balance approach for depreciation and
the asset has no residual value.