7)18)

E, F, and G were partners in a small textile company. They spent $56,500 for equipment that they agreed would last 8 years and have a resale value of 2% of cost. The three partners couldn't agree on the depreciation method to use. E was in favor of using the double-declining-balance system, F insisted on the 150%-declining-balance method, and G was sure that the sum-of-the-years-digits method would be better. Show the depreciation for the first 4 years for each method in the following table. At the end of 4 years, what would be the book value under each of the three methods? If required, round amounts to two decimal places. Do not round interim calculations.

Year	Double-DB	150%-DB	SYD
1	$	$	$
2	$	$	$
3	$	$	$
4	$	$	$
Total	$	$	$
Book value	$	$	$