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Depreciation Schedules Barb's Florists

Cost $13,000
Expected salvage value $1,000
Estimated useful life in years 5
Estimated useful life in miles 100,000

A. Prepare the straight line depreciation table.

B. Prepare the double-declining balance depreciation table.

C. Actual usage of the machine was as follows: Yr 1: 12000, Yr 2: 18000 Yr 3: 21000 Yr 4: 14000 Yr 5: 60000

Journalize Purchase and DDB Depreciation:

D. Post 'T' Accounts: based on DDB Depreciation

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