1 Intermediate Accounting I CH10 & 11: Investment in Noncurrent Operating Assets - Depreciation On January 2, 2021, Home Depot purchased a color copy machine for office usage paying $ 18,000 in cash. The useful life is 7 years and the residual value is $ 500. Calculate the depreciation and do the depreciation schedule using the following methods: a) Straight Line Method (SLM) b) Sum of Years Depreciation (SYD) c) Double Declining Balance (DDB)