Step 3 The depreciation schedule for the first year is summarized below. The beginning book value for year 2 is the ending book value of year 1. The depreciation for year 2 will be the beginning book value of year 2 multiplied by the depreciation rate. The accumulated depreciation will be the sum of the depreciations for years 1 and 2. Finally, the ending book value for year 2 will be the difference of the beginning book value of year 2 and the depreciation for year 2. Calculate these values and place them in the table, rounding each to the nearest cent. End of Year Beginning Book Value ($) Depreciation Rate (%) Depreciation for the Year ($) Accumulated Depreciation (5) Ending book value ($) $191,000 (new) 1 $191,000 28.571429% $54,571.43 $54,571.43 $136,428.57 136,428.57 year 1 depreciation 136,428.57 2 $136,428.57 28.571429% x 28.571429% + year 2 depreciation x year 2 depreciation $ Submit Sip (you cannot come back)|