Jan 1, 2016. AAA Purchased an equipment (Cost: $20,000, salvage value: $2,000, useful life 5 years)...

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Jan 1, 2016. AAA Purchased an equipment (Cost: $20,000, salvage value: $2,000, useful life 5 years) What is the amount of depreciable cost? Suppose that you are using straight line method to calculate depreciation expense. What is the depreciation rate? 1. Complete the table based on stright-line method to calculate depreciation. Don't forget to fill all the blanks, including table headings. Year 1 2 4 5 Computation End of Year Annual Depreciation Rate == Depreciation Expense Accumulated Depreciation Book Value X X 2. Complete the table based on double declining balance method. Computation Year 1 2 3 4 5 X Depreciation Rate == X X X 3. Complete the table based on sum of year's digit method Computation = = = Year 1 2 Rate = 3 4 5 X End of Year Annual Depreciation Accumulated Expense Depreciation Book Value Annual Depreciation End of Year Accumulated Expense Depreciation Book Value Jan 1, 2016. AAA Purchased an equipment (Cost: $20,000, salvage value: $2,000, useful life 5 years) What is the amount of depreciable cost? Suppose that you are using straight line method to calculate depreciation expense. What is the depreciation rate? 1. Complete the table based on stright-line method to calculate depreciation. Don't forget to fill all the blanks, including table headings. Year 1 2 4 5 Computation End of Year Annual Depreciation Rate == Depreciation Expense Accumulated Depreciation Book Value X X 2. Complete the table based on double declining balance method. Computation Year 1 2 3 4 5 X Depreciation Rate == X X X 3. Complete the table based on sum of year's digit method Computation = = = Year 1 2 Rate = 3 4 5 X End of Year Annual Depreciation Accumulated Expense Depreciation Book Value Annual Depreciation End of Year Accumulated Expense Depreciation Book Value