3) The York City Hospital has just acquired new equipment. The equipment cost $4,250,000 and the organization spent $135,000 on upgrading the physical plant where the new equipment will be located. The equipment is expected to have a 10-year useful life and a salvage value of 10% (that is, $425,000). Calculate the first five years of depreciation using straight line, double declining balance, and sum-of-the-years digits.

3)The York City Hospital has just acquired new equipment. The equipment cost $4,250,000 and the organization spent $135,000 on upgrading the physical plant where the new equipment will be located. The equipment is expected to have a 10-year useful life and a salvage value of 10% (that is, $425,000 ). Calculate the first five years of depreciation using straight line, double declining balance, and sum-of-the-years digits