Merge & Center $ % ) * 48 Conditional Format Formatting as Table Cell Styles Double Declining Balance Method Koffman's Warehouse purchased a forklift on January 1, 2018, for $8,000. The forklift is expected to last for five years and have a residual/salvage value of $500. Kolman's uses the double declining balance method for depreciation. Round amounts to the nearest dollar. 1 Complete the depreciation schedule using the Double Declining Balance Method 2 Identity and analyze the effect of the depreciation for 2018. 3 Record the first year of depreciation expense. Koffman's Warehouse Depreciation Schedule Double Declining Balance End of Year Amounts Beginning Book Depreciation Balance Rate of Months Expense Ending Book Balance 2018 2019 2021 2022 be a plugin order not to depreciate below the vage will Assets Liabilities: Equity Capitalization SL D DB GainLoss + ALL WXN