Instructions:
(a) Compute the amount of depreciation for each Years 1 through 3 using the straight-line depreciation method.
Straight-line method depreciation for each of Years 1 through 3 is computed as:
See attached
(b) Compute the amount of depreciation for each Years 1 through 3 using the sum-of-years digits depreciation method.
See attached
(c) Compute the amount of depreciation for each Years 1 through 3 using the double-declining balance method. (In performing your calculations, round constant percentage to the nearest one-hundredth of a point and round answers to the nearest dollar.)
Attachment:- depreciation.zip