2. Using the declining-balance method, complete the table as shown (twice the straight-line rate): Auto: $26,000 Estimated life: 10 years Residual value: $600 Year Cost Accumulated Book Depreciation Accumulated Depreciation E.O.Y Book Depreciation Value Еxpense Value В.О.Y В.О.Y Е.О.Y D C E H J I K R AGM 23

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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2. Using the declining-balance method, complete the table as shown (twice the straight-line rate):
Auto: $26,000
Estimated life: 10 years
Residual value: $600
Year
Cost Accumulated
Depreciation
B.O.Y
Book
Depreciation Accumulated
Expense
Book
Value
Depreciation
Value
В.О.Y
E.O.Y
E.O.Y
C
E
I
K
P
FLR
BHN
AGM
123
Transcribed Image Text:2. Using the declining-balance method, complete the table as shown (twice the straight-line rate): Auto: $26,000 Estimated life: 10 years Residual value: $600 Year Cost Accumulated Depreciation B.O.Y Book Depreciation Accumulated Expense Book Value Depreciation Value В.О.Y E.O.Y E.O.Y C E I K P FLR BHN AGM 123
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