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Computing Partial Period Depreciation under Multiple Depreciation Methods The following information is available for equipment purchased in the first two years of business. Compute depreciation

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Computing Partial Period Depreciation under Multiple Depreciation Methods
The following information is available for equipment purchased in the first two years of business.
Compute depreciation expense for Year 2 for each asset #1, #2, #3, and #4.
Note: Carry all decimals in calculations; round final answers to the nearest dollar.
\table[[Acquisition,Acquisition,Useful,Salvage,Year 2 Depreciation],[Asset,Date,Depreciation Method,Cost,Life,Value,Expense],[#1,Jan. 1, Year 1,Straight-line,$10,000,4 years,$500,$
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