B D H E Student Name 1 ACC 121 Chapter 10 In-Class Problem A piece of equipment was purchased for $35,000 cash. The equipment has a life expectancy of four (4) years. It will have a scrap value of $5,000 at the end of the four years. . Determine the Depreciation Expense using a Depreciation Schedule. 14 Straight Line Depreciation Method 10 12 Year Beginning Depreciation Accumulated Ending Book Book Value Expense Depreciation Value 13 14 15 16 1 2 3 4 5 58 21 22 Double Declining Balance Method Beginning Book Value Year Depreciation Depreciation Accumulated Percentage Expense Depreciation Ending Book Value 1 4 5 **&&BEARERS 5 Sheet1 Sheet2 Sheet3 Ready