Calculate the depreciation on an asset with the original cost of $700,000, with a salvage value of $70,000, and an estimated useful life of 7 years.

Only record the FIRST 4 years using each method. SHOW YOUR CALCULATIONS & HOW YOU ARRIVED AT YOUR ANSWERS!

STRAIGHT LINE									SHOW YOUR WORK HERE
		YEAR1
		YEAR 2
		YEAR 3
		YEAR 4
Double Declining Balance									SHOW YOUR WORK HERE
		YEAR1
		YEAR 2
		YEAR 3
		YEAR 4
Sum of the Years Digits									SHOW YOUR WORK HERE
		YEAR1
		YEAR 2
		YEAR 3
		YEAR 4