Posted: July 12th, 2016

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.)

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