An asset will cost $1,750.00 when purchased this year. It is further expected to have a salvage value of $250.00 at the end of its 5-year depreciation life. Calculate complete depreciation schedules giving the depreciation charge, and end-of-year book value, for straight line, sum-of-the-years-digits, and double declining balance depreciation methods. Solution: SOYD DDB Dep. Dep. n 0 1 2 3 4 5 Straight Line Dep. BV 1,750.00 $ 300.00 $ 1,450.00 $ 300.00 $ 1,150.00 $ 300.00 $ 850.00 $ 300.00 $ 550.00 $ 300.00 $ 250.00 $ n 0 1 $ 500.00 2 $ 400.00 3 $ 300.00 4 $ 200.00 5 $ 100.00 BV $ 1,750.00 $ 1,250.00 $ 850.00 $ 550.00 $ 350.00 $ 250.00 n 0 1 2 3 4 5 700.00 $ 420.00 $ 252.00 $ 128.00 S 00.00 $ BV 1,750.00 $ $ 1,050.00 $ 630.00 $ 378.00 $ 250.00 $ 250.00