1-Use the following to determine the depreciation in the second year using the Double Declining Balance method.

2-Use the following to determine the Book Value in the third year of ownership using the Straight-Line Method.

3-Use the following to determine the Book Value in the third year of ownership using the Sum-of-the Years Method.

4-Use the following to determine the Book Value in the third year of ownership using the Double Declining Balance Method.

Backhoe Purchase price $80,000

Estimated Salvage Value $20,000

Estimated Useful Life 5 years