Problem
The company treasurer must determine the best depreciation method for office furniture that costs $50,000 and has a zero salvage value at the end of a 10-year depreciable life. Compute the depreciation schedule using:
(a) Straight line
(b) Double declining balance
(c) Sum-of-years'-digits
(d) Modified accelerated cost recovery system.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.