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Calculate the depreciation expense and the book value of this asset for the FIRST 5 YEARS ONLY. Use the following methods, straight line, double declining

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Calculate the depreciation expense and the book value of this asset for the FIRST 5 YEARS ONLY. Use the following methods, straight line, double declining balance, and sum of years digits Cost of asset Estimated useful life Salvage Value $777,777.00 7 years $64,500.00 Be sure to show all calculations. You may round to the nearest dollar Straight line Dollar Amount of depreciation Year 1 Year 2 Year 3 Year 4 Year 5 Double Declining Balance Dollar Amount of depreciation Year 1 Year 2 Year 3 Year 4 Year 5 Some of Year Digits Dollar Amount of depreciation Year 1 Year 2 Year 3 Year 4 Year 5

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