Computing Double-Declining-Balance DepreciationDeFond Compan…
Computing Double-Declining-Balance DepreciationDeFond Company purchased equipment for $70,000. For each of the following sets of assumptions, prepare a depreciation schedule (all years) for this equipment assuming that DeFond uses the double-declining-balance depreciation method. Useful life Residual Value a. Four years $11,200 b. Five years $4,200 c. Ten years $1,400 Assume that DeFond does not elect to switch to the straight-line method during the life of the equipment. Round answers to the nearest whole number. Use rounded answers for subsequent calculations. Four Years Five Years Ten Years a. Year Book Value Depreciation Expense 1 ${#1} ${#2} 2 {#3} {#4} 3 {#5} {#6} 4 {#7} {#8} b. Year Book Value Depreciation Expense 1 ${#9} ${#10} 2 {#11} {#12} 3 {#13} {#14} 4 {#15} {#16} 5 {#17} {#18} c. Year Book Value Depreciation Expense 1 ${#19} ${#20} 2 {#21} {#22} 3 {#23} {#24} 4 {#25} {#26} 5 {#27} {#28} 6 {#29} {#30} 7 {#31} {#32} 8 {#33} {#34} 9 {#35} {#36} 10 {#37} {#38}