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
On January 1 Year Book Value
Beginning of Year x Rate (%) = Depreciation Expense Accumulated Depreciation
End of Year Book Value
End of Year
1 $ $ $ $
4 . . .