Please Use the pictures for the problem

See Problem all the way at the Bottom. The Book Practical Business Math Procedures is Being Used:

PG1: Below

PG2 Below:

PG3: ACRS & MACRS Tax Law & How equipment is Depreciated is Below:

PROBLEM: Prepare the depreciation schedule, using the declining-balance (twice the straight-line rate). (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required.)

Chevrolet Colorado	$	25,000
Residual value	$	5,000
Estimated life	5 years

End of year	Cost of Colorado	Accumulated depreciation at beginning of year	Book value at beginning of year	Depreciation expense for year	Accumulated depreciation at end of year	Book value at end of year
1	$	$	$	$	$	$
2	$	$	$	$	$	$
3	$	$	$	$	$	$
4	$	$	$	$	$	$

References

eBook & Resources

WorksheetDifficulty: 1 EasyLearning Objective: 17-03 (2) Prepare a depreciation schedule.