Ddluxe Extra Company purchases equipment on January 1, Year 1, at a cost of $469,000. The assest is expected to have a service life of 12 years and a salvage value of $40,000

Instructions

(a) Compute the amount of depreciation for each of Years 1 through 3 using the straight line depreciation method.

(b) Compute the amount of depreciation for each of years 1 through 3 using the sum of the years digits method

(c) Compute the amount of depreciation for each of Years 1 through 3 using the double-declining-balance method. (In performing you calculations, round constant percentage to the nearest one-hundredth of a point and round answers to the nearest dollar.)