Question: Complete the following depreciation table using the straight-line method (assume the asset is purchased on January 1st): Auto: $20,000 Residual value: $5,000 Estimated life: 5

Complete the following depreciation table using the straight-line method (assume the asset is purchased on January 1st): Auto: $20,000 Residual value: $5,000 Estimated life: 5 years Depreciation Accumulated Year Cost Expense Depreciation Book Value 1 __________ ______________ _______________ ___________ 2 __________ ______________ _______________ ___________ 3 __________ ______________ _______________ ___________ 4 __________ ______________ _______________ ___________ 5 __________ ______________ _______________ ___________ 6 __________ ______________ _______________ ___________

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