Depreciation

Grayson Company purchased equipment on January $1,$ year $1$ at a cost of $$649,000.$

The equipment is expected to have a useful service life of $10$ years and an estimated

salvage value of $$30,000.$

Calculate depreciation expense for the first three years using.

a$.$ The straight$-$line depreciation method

b$.$ The sum$-$of$-$the$-$years digits depreciation method

c$.$ The double declining balance depreciation method

What would the amount of depreciation be for the first year, if the asset was

purchased on April $1$ of year one and the company computes depreciation using

the double declining balance method.