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1. The initial cost of purchasing a device is $12,000. The salvage value of the device at the end of four years is $3,500. Compute

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1. The initial cost of purchasing a device is $12,000. The salvage value of the device at the end of four years is $3,500. Compute the depreciation schedule for the device by the following methods: i . Straight-line depreciation (5 pts) ii. Sum-of-years'-digits depreciation (10 pts) iii. CCA depreciation as a Class 43 asset (10 pts) iv . CCA depreciation as a Class 29 asset (10 pts)

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