On January 1,2012,a Company Buys Equipment for $10,000 $\quad$ $\quad$

question 7

Essay

On January 1,2012,a company buys equipment for $10,000.It has estimated residual value of $1,000,and an estimated life of 5 years.Assume the company uses double-declining-balance depreciation.Please complete the depreciation schedule below. $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Depreciation for the Year }$$$\begin{array} { | c | c | c | c | c | c | c | } \hline \text { Date } & \text { Asset Cost } & \begin{array} { c } \text { Depreciable } \\\text { Cost }\end{array} & \begin{array} { c } \text { Depreciation } \\\text { Rate }\end{array} & \begin{array} { c } \text { Depreciation } \\\text { Expense }\end{array} & \begin{array} { c } \text { Accumulated } \\\text { Depreciation }\end{array} & \begin{array} { c } \text { Book } \\\text { Value }\end{array} \\\hline 1 - 1 - 2012 & & & & & & \\\hline 12 - 31 - 2012 & & & & & & \\\hline 12 - 31 - 2013 & & & & & & \\\hline 12 - 31 - 2014 & & & & & & \\\hline 12 - 31 - 2015 & & & & & & \\\hline 12 - 31 - 2016 & & & & & & \\\hline\end{array}$$

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Definitions:

Socio-emotional

Pertaining to the interplay between social interactions and emotional responses.

Physical

Relating to the body as opposed to the mind or emotions.

Teratogens

Agents or factors that can cause malformation or defects in an embryo or fetus during pregnancy.

Prenatal Development

The process of growth and development within the womb from conception to birth, involving critical stages for physical and neurological formation.