Depreciation Methods

Sorter Company purchased equipment for $330,000 on January 2, 2019. The equipment has an estimated service life of 8 years and an estimated residual value of $33,000 .

Required:

Compute the depreciation expense for 2019 under each of the following methods:

1. Straight-line: $
2. Sum-of-the-years'-digits: $
3. Double-declining-balance: $
4. Depreciation causes the book value of the assets to *BLANK* each period. When an accelerated depreciation method is used, the rate of return *BLANK* each period.