To complete this table using the declining-balance method of depreciation, we need to calculate the straight-line rate for a useful life of 2 years.

The straight-line depreciation rate formula is:

$\text{Straight-Line Rate} = \frac{100\%}{\text{Useful Life (Years)}}$

For a useful life of 2 years:

$\text{Straight-Line Rate} = \frac{100\%}{2} = 50\%$

Now, applying this to the table:

• Straight-Line Rate (%): 50%
• Multiple (%): Given as 200%, which is correct.
• Declining-Balance Rate (%): Calculated as $50\% \times 2 = 100\%$, which is also correctly filled in.

Would you like more details on the declining-balance method, or do you have any other questions?

Here are 5 questions that build upon this topic:

1. How would the declining-balance rate change if the useful life were 5 years instead?
2. What is the impact of using a higher multiple on the depreciation schedule?
3. How does the declining-balance method compare to the straight-line method in terms of expense timing?
4. Can you explain why companies might choose the declining-balance method over other depreciation methods?
5. How would the straight-line rate calculation differ if partial-year depreciation were considered?

Tip: The declining-balance method results in higher depreciation expenses in the earlier years of an asset's life, which can be beneficial for matching expenses with revenues generated in those early periods.