Prepare the depreciation schedule, using the declining-balance method (twice the straight-line rate). Note: Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Chevrolet Colorado Residual value Estimated life End of year 1 End of year 2 End of year 3 End of year 4 Cost of Chevy truck $ $ $ $ 30,000 30,000 30,000 30,000 $ 30,000 $ 6,000 5 years Accumulated depreciation at beginning of year $ $ 0 12,000 Book value at beginning of year 30,000 18,000 $ $ Depreciation expense for year 12,000 7,200 $ $ Accumulated depreciation at end of year $ 12,000 Book value at end of year $ $ 18,000 10,800

Prepare the depreciation schedule, using the declining-balance method (twice the straight-line rate). Note: Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Chevrolet Colorado Residual value $ 30,000 $ 6,000 Estimated life 5 years Accumulated Cost of Chevy truck 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 End of year 11 $ 30,000 $ 0 $ 30,000 $ 12,000 $ 12,000 $ 18,000 End of year 2 $ 30,000 $ 12,000 $ 18,000 $ 7,200 $ 10,800 End of year 3 $ 30,000 End of year 4 $ 30,000