Question: You are asked to make a depreciation schedule for a business asset.. A depreciation schedule shows the remaining value of the asset at the end of each time period.
1. A $1,200 postage printing system depreciated using the straight -line method over 4 years. In your depreciation schedule, give the following information for each year: the year's depreciation, the accumulated depreciation, and year's end-of-book value.
2. Consider a system of notebook computers for a college math laboratory. The set of computers costs $10,000 and will be salvaged for $2,000 at the end of a 3 year period. Prepare a depreciation schedule using a 150% declining balance rate for the system. The depreciation schedule should include the following information for each year: the year's depreciation, the accumulated depreciation, and year's end-of-book value.