Question: On June 1, 20X1 , Apache Corp. purchases for $101,700 a machine for which it estimates a life of 4 years and a scrap value

On June 1, 20X1, Apache Corp. purchases for $101,700 a machine for which it estimates a life of 4 years and a scrap value of $4,500.

Apache uses double-declining balance depreciation. Complete the table below.

Year-beginning

Depreciation

Accumulated

Year-end

Year

book value

expense

depreciation

book value

20X1

20X2

20X3

20X4

20X5

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