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:

Dependent Variable

The variable in an experiment that is measured to see if it is influenced by the independent variable.

Experimental Confederate

An individual in a study who is secretly working with the researchers, posing as a participant but following a scripted behavior.

Facial Expressions

Visible contractions or movements of the muscles beneath the skin of the face, considered as a form of nonverbal communication.

Emotion Regulation

The ability to influence one’s emotions.