Using the Declining-Balance Method, Complete the Table as Shown (Twice

question 15

Essay

Using the declining-balance method, complete the table as shown (twice the straight-line rate):
Auto: $29,000; Residual: $2,000; Estimated Life: 5 Yrs
$$\begin{array} { | c | c | c | c | c | c | c | } \hline \text { Year } & \text { Cost } & \begin{array} { c } \text { Accumulated } \\\text { Depreciation } \\\text { B.O.Y. }\end{array} & \begin{array} { c } \text { Book Value } \\\text { B.O.Y }\end{array} & \begin{array} { c } \text { Depreciation } \\\text { Expense }\end{array} & \begin{array} { c } \text { Accumulated } \\\text { Depreciation } \\\text { E.O.Y. }\end{array} & \begin{array} { c } \text { Book Value } \\\text { E.O.Y }\end{array} \\\hline 1 & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } \\\hline 2 & \mathrm { G } & \mathrm { H } & \mathrm { I } & \mathrm { J } & \mathrm { K } & \mathrm { L } \\\hline 3 & \mathrm { M } & \mathrm { N } & \mathrm { O } & \mathrm { P } & \mathrm { Q } & \mathrm { R } \\\hline\end{array}$$

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