Please see all pictures for full problem c. Office Equipment, double-declining b

Question

Please see all pictures for full problem c. Office Equipment, double-declining balance, 5 years, $2,500 residual value. (Round all currency amounts to the nearest whole dollar) Cickthe icon to view the Taccount balances from Requirement 3) OFFICE EQUIPMENT: Double-Declining Balance Depreciation Schedule AssetBook Cost Depreciation for the Year DDB Rate Depreciation Accumulated Book Expense Depreciation Value Date Value 1/1/2018 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 Requirement 4.Record adusting entries for the year ended December 31,2018 (Record deblts first, thon credits Exclude explanations from any jou provided in the problem statement) a. One year of the propaid insurance has expired ick the icon to view the T-account balances from Requirement 3 ) hoose from any ist or enter any number in the input fields and then click Check Answer All parts showing Clear A 5 6

Explanation / Answer

Asset cost Book vale Dep rate Dep expense accumulated dep Book value 1.1.2018 180000 31.12.2018 180000 40% 72000 72000 108000 31.12.2019 108000 40% 43200 115200 64800 13.12.2020 64800 40% 25920 141120 38880 31.12.2021 38880 40% 15552 156672 23328 31.12.2022 23328 40% 9331 166003 13997

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