Hartman Manufacturing Acquired a Vehicle on January 1,20X2,for $78,000 $\quad$

Hartman Manufacturing acquired a vehicle on January 1,20X2,for $78,000.The machine is estimated to have a 6-year life,with a residual value of $6,000.Hartman Manufacturing is not certain whether to use the straight-line or double-declining-balance method of depreciation.
Prepare the following depreciation schedule:

$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Straight-Line }$ $\quad$ $\quad$ $\quad$ $\text { Double-Declining-Balance }$
$\begin{array}{l}\begin{array}{lll}\\\underline{\text { Date }}\\01 / 01 / 2 \times 02 \\12 / 31 / 2 \times 02 \\12 / 31 / 20 \times 3 \\12 / 31 / 20 \times 4 \\12 / 31 / 20 \times 5 \\12 / 31 / 20 \times 6 \\12 / 31 / 20 \times 7\end{array}\begin{array}{lll}\text { Depreciation }&\text { Book}\\\underline{\text { Expense }}&\underline{\text { Value }} \\&\$ 78,000\\\\\\\\\\\\\end{array}\begin{array}{lll}\text { Depreciation }&\text { Book}\\\underline{\text { Expense }}&\underline{\text { Value }} \\&\$ 78,000\\\\\\\\\\\\\end{array}\end{array}$