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 the year’s end-of-book value.

Question

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 the year’s end-of-book value.