Assignment:
Make a depreciation schedule.
Q1. 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 the year's end-of-book value.
Q2. Office furniture for a set of executive suites costs $12,000 and should be replaced after 5 years. The salvage value is $3,000. Prepare a depreciation schedule using a double-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 the year's end-of-book value.
Provide complete and step by step solution for the question and show calculations and use formulas.