Double-Declining-Balance Depreciation
A computer was purchased on January 1 at a cost of $5,000. It has an estimated useful life of five years and an estimated salvage value of $500.
Prepare a depreciation schedule showing the depreciation expense, accumulated depreciation, and book value for each year under the double-declining-balance method. For intermediate calculations, do not round your depreciation rate value and round your final answers to the nearest dollar. If an answer is zero, enter "0".