An asset is purchased on January 1 at a cost of $25,000. It is expected to be used for four years and have a salyage valoe of s1,000 Calculate the depreciation expense for each year of the asser's useful life under each of the following methods a. Straight-line method b. Double-declining-balance method Sum-of-the-years-digits' method ANS: Annual Ending 25,000 b. Annual Ending Book Depreciable $25, 000 Annual DepreciationValue Depreciable Ending Book $25,000