A machine cost $1,242,000 on April 1, 2020. Its estimated salvage value is $136,000 and its expected life is 4 years.

Calculate the depreciation expense by straight-line for 2020. (Round answer to 0 decimal places, e.g. 5,275.)

Depreciation expense

$

Calculate the depreciation expense by double-declining balance for 2021. (Round answer to 0 decimal places, e.g. 5,275.)

Depreciation expense

$

Calculate the depreciation expense by sum-of-the-years'-digits for 2021. (Round answer to 0 decimal places, e.g. 5,275.)

Depreciation expense

$

Which method would result in the smallest income amount for 2021?

Sum-of-the-years'-digits depreciationStraight-line depreciationDouble-declining depreciation