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

question 75

Essay

Using the declining-balance method, complete the table as shown (twice the straight-line rate):
Auto: $30,000
Estimated life: 5 years
Residual value: $800
$\begin{array}{|c|c|c|c|c|c|c|}\hline \text { Year } & \text { Cost } & \begin{array}{l}\text { Accumulated } \\\text { Depreciation } \\\text { B.O.Y. }\end{array} & \begin{array}{l}\text { Book Value } \\\text { B.O.Y }\end{array} & \begin{array}{l}\text { Depreciation } \\\text { Expense }\end{array} & \begin{array}{l}\text { Accumulated } \\\text { Depreciation } \\\text { E.O.Y. }\end{array} & \begin{array}{l}\text { Book Value } \\\text { E.O.Y }\end{array} \\\hline 1& \$ 30,000 & \text { A } & B & \text { C } & \text { D } & E \\\hline2 & \$ 30,000 & F & G & \mathrm{H} & \text { I } & \mathrm{J} \\\hline 3& \$ 30,000 &K & L &M& N& 0 \\\hline\end{array}$

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Definitions:

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