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$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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