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Preparing Depreciation Schedules Using Various Depreciation Methods Frito Incacquired equipment on January 1, 2020, at a cost of $18,000 that is estimated to have a useful life of five years and a residual value of $4.500 Required Prepare a depreciation schedule showing annual depreciation expense and year end accumulated depreciation and book value over the life of the asset using the following methods Straight line method b. Sum of the years digits method. c. Double-declining balance method Straight line Sum of the years.digits Double declining balance Straight-Line Depreciation Method For the Period End of Perled Reporting Depreciation Accumulated Expense Depreciation jan. 1.2020 OX Dec 31, 2021 Period Book Value OX Dec 31, 2020 OXS OX OX OX 0 x Dec 31, 2022 Dec 31, 2003 Dec 31, 2024 OX OX OX OX OX OX OX OX Check Preparing Depreciation Schedules Using various Depreciation Methods Frito Inc. acquired equipment on January 1, 2020, at a cost of $18,000 that is estimated to have a useful life of five years and a residual value of $4.500 Required Prepare a depreciation schedule showing annual depreciation expense and year end accumulated depreciation and book value ever the life of the asset using the following methods Straight-line method b. Sum of the years-digits method. Double declining balance method Straight line Sum of-theyears-digins Double declining balance b. Sum of the YearsDigits Depreciation Method For the Period End of Period Reporting Depreciation Accumulated Period Book Value Expense Depreciation ONS OX OX OX OX Jan 1, 2020 Dec 31, 2020 Dec 31, 2023 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 OX OX OX O X OX OX OX OX OX OX Check Preparing Depreciation Schedules Using Various Depreciation Methods Frito in acquired equipment on January 1, 2020, at a cost of $18,000 that is estimated to have a useful life of five years and a residual value of $4.500. Required Prepare a depreciation schedule showing annual depreciation expense and year-end accumulated depreciation and book value over the life of the asset using the following methods. a. Straight-line method b. Sum-of-the-years-digits method c.Double-declining balance method. Straight-line Sum-of-the-years-digits Double-declining balance C. Double-Declining balance Depreciation Method For the Period End of Period Reporting Depreciation Accumulated Period Expense Depreciation Value dook OX OX OX OM Jan 1, 2020 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec. 31. 2024 OX OM OX OX OX DX X OX O OX OM 0 Check

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