On January 01, 2018, your company purchased a new equipment for 30,000$. The company predicted its...

  

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On January 01, 2018, your company purchased a new equipment for 30,000$. The company predicted its useful life to be 5 years, and its residual value to be equal to 5,000$. 1.1 Draw the table for the calculation of the depreciation expense of this equipment, showing, its cost, depreciation expense per year, accumulated depreciation, book value, and the final residual value using the straight line depreciation method. 1.2 Draw the table for the calculation of the depreciation expense of this equipment, showing, its cost, depreciation expense per year, accumulated depreciation, book value, and the final residual value using the double-declining balance depreciation method. On January 01, 2018, your company purchased a new equipment for 30,000$. The company predicted its useful life to be 5 years, and its residual value to be equal to 5,000$. 1.1 Draw the table for the calculation of the depreciation expense of this equipment, showing, its cost, depreciation expense per year, accumulated depreciation, book value, and the final residual value using the straight line depreciation method. 1.2 Draw the table for the calculation of the depreciation expense of this equipment, showing, its cost, depreciation expense per year, accumulated depreciation, book value, and the final residual value using the double-declining balance depreciation method.

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11 STRAIGHT LINE METHOD Annual depreciation Cost residual valu... View the full answer