1. Compute the depreciation expense on this equipment for the years ended December 31, 2016, and 2017 for each of the following depreciation methods: a. Double-declining-balance b. Sum-of-the-years' digits c. Straight-line (Round your answers to the nearest dollar.)

1.

On May 1, 2016, Dominquez Inc. purchased equipment at a cost of $280,000. The equipment has an estimated salvage value of $12,000 and is being depreciated over an estimated life of six years. The company's policy is to recognize depreciation to the nearest whole month. Compute the depreciation expense on this equipment for the years ended December 31, 2016 and 2017 for each of the following depreciation methods: (Round your answers to the nearest dollar.) a. Double-declining-balance 2016: $ 2017: $ b. Sum-of-the-years'-digits 2016: $ 2017: $ C. Straight-line 2016: $ 2017: $