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You purchased a building, equipment and a truck for $700,000 cash. The building has an appraisal value of $400,000, the equipment $300,000 and a truck

You purchased a building, equipment and a truck for $700,000 cash. The building has an
appraisal value of $400,000, the equipment $300,000 and a truck appraised at $100,000
Determine the cost to be assigned to each asset and prepare the journal entry to make
the purchase. (I only need help with the table below, I attached the info above in case you need it)
The equipment has a salvage value of $10,000, life
expectancy of 5 years. Calculate depeciation for
all years necessary using the double declining balace.
What is the book value at the beginning of year 6?
Depreciation Book-Value
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6

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