Homework Answers
| Date | Account Name | Debit | Credit |
| 31 Dec 2021 | Depreciation | $ 6,034 | |
| To Accumalted Depreciation Equipment | $ 6,034 | ||
| (To Record Depreciation on Equipment) |
| Double-declining-balance method | ||||
| Year | Book Valu Begining | Percentage2X((1/10*100)*2) | depreciation for the year | Book Vale End of the year |
| 2018 | $ 82,500 | 20 | $ 16,500 | $ 66,000 |
| 2019 | $ 66,000 | 20 | $ 13,200 | $ 52,800 |
| 2020 | $ 52,800 | 20 | $ 10,560 | $ 42,240 |
| Straight-line Method | ||||
| Year | Book Value |
Remaining estimated useful (10-3) |
Deprciation for the year | |
| 2021 | $ 42,240 | 7 | $ 6,034 |
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May I get some help on the incorrect answers.
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