Hello,

I was doing a quiz but i got stuck at the end because i didn't know what i should have done. I don't know why i got a negative value in the depreciation expense?

Golden Fried Chicken bought equipment on January 2, 2018, for $18,000. The equipment was expected to remain in service for four years and to operate for 5,000 hours. At the end of the equipment's useful life, Golden estimates that its residual value will be $3,000. The equipment operated for 500 hours the first year, 1,500 hours the second year, 2,000 hours the third year, and 1,000 hours the fourth year. Read the requirements. 12-31-2020 2000 6000 12000 6000 12-31-2021 1000 3000 15000 3000 Prepare a depreciation schedule using the double-declining-balance (DDB) method. (Enter a "0" for any items with a zero value.) Double-Declining-Balance Depreciation Schedule Depreciation for the Year Asset Book DDB Depreciation Accumulated Book Date Cost Value Rate Expense Depreciation Value 1-2-2018 18000 18000 12-31-2018 18000 X 2 x (1/4) 9000 9000 9000 12-31-2019 9000 X 2 x (1/4) 4500 13500 4500 12-31-2020 4500 2250 15750 2250 12-31-2021 (750) 15000 3000