Bonds Company purchased a new plant asset on April 1, 2015, at a cost of $355,500. It was estimated to have a service life of 20 years and a salvage value of $30,000. Bondss accounting period is the calendar year.

Instructions

(a) Compute the depreciation for this asset for 2015 and 2016 using the straight-line method.

(b) Compute the depreciation for this asset for 2015 and 2016 using the sumof-the-years-digits method.

(c) Compute the depreciation for this asset for 2015 and 2016 using the double-declining balance method.