Double-Declining-Balance Depreciation A small delivery truck was purchased on January 1 at a cost of
Double-Declining-Balance Depreciation A small delivery truck was purchased on January 1 at a cost of | savvyessaywriters.org
Double-Declining-Balance Depreciation
A small delivery truck was purchased on January 1 at a cost of$29,600. It has an estimated useful life of four years and anestimated salvage value of $5,920.
Prepare a depreciation schedule showing the depreciation expense,accumulated depreciation, and book value for each year under thedouble-declining-balance method. If an amount box does not requirean entry, leave it blank.
Small Delivery Truck
Depreciation Schedule
On January 1 Year Book Value
Beginning of Year x Rate (%) = Depreciation Expense Accumulated Depreciation
End of Year Book Value
End of Year
1 $ $ $ $
2
3
4 . . .
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