Prepare the depreciation schedule, using the declining-balance method (twice the straight-line rate). Note: Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Chevrolet Colorado. Residual value Estimated life End of year 1 End of year 2 End of year 3 End of year 4 Cost of Chevy truck $ 25,000 $ 5,000 5 years Accumulated depreciation at beginning of year Book value at beginning of year Depreciation expense for year Accumulated depreciation at end of year Book value at end of year

Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets
Section19.5: Declining-balance Method Of Depreciation
Problem 1OYO
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Prepare the depreciation schedule, using the declining-balance method (twice the straight-line rate).
Note: Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required.
aw
Chevrolet Colorado
Residual value
Estimated life
End of year 1
End of year 2
End of year 3
End of year 4
Cost of Chevy
truck
$ 25,000
$ 5,000
5 years
Accumulated
depreciation at
Book value at
beginning of year beginning of year
< Prev
F
601
2 of 4
JUL
30
Depreciation
expense for year
Next >
Accumulated
depreciation at Book value at
end of year
end of year
● A
Transcribed Image Text:C Prepare the depreciation schedule, using the declining-balance method (twice the straight-line rate). Note: Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. aw Chevrolet Colorado Residual value Estimated life End of year 1 End of year 2 End of year 3 End of year 4 Cost of Chevy truck $ 25,000 $ 5,000 5 years Accumulated depreciation at Book value at beginning of year beginning of year < Prev F 601 2 of 4 JUL 30 Depreciation expense for year Next > Accumulated depreciation at Book value at end of year end of year ● A
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