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 Cost of Chevy truck $ $ $ 22,500 22,500 22,500 $ 22,500 $ 4,500 5 years 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

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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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
$
$
$
$
22,500
22,500
22,500
22,500
$ 22,500
$ 4,500
5 years
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
Transcribed Image Text: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 $ $ $ $ 22,500 22,500 22,500 22,500 $ 22,500 $ 4,500 5 years 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
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