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An equipment costs $10,000 with a salvage value of $500 at then of 10 years. Calculate the total depreciation charge and book value at the

An equipment costs $10,000 with a salvage value of $500 at then of 10 years. Calculate the total depreciation charge and book value at the end of 7 years using:

  1. Straight line method
  2. Sinking fund method at 4% interest
  3. Declining balance method
  4. Double declining balance method
  5. Sum of the years digit method

Please with full solutions, thank you!

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