Calande Corporation purchased five new assets at the beginning of its accounting period. The cost, salvage value, and estimated useful lives of these assets are

Required:
Use a computer spreadsheet package.
A. Set up a spreadsheet to calculate the straight- line depreciation on each asset for the first year.
B. Repeat part (A) using the double- declining- balance method.

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Salvage Value $3,500 Asset Cost $65,000 34,400 45,200 58,900 88,200 Useful Life 7 years 0 1,200 1,900 2,500