(E11-2) Compute the annual depreciation expense each year for an asset with a cost of $1,200, salvage value of $200, and a useful life of four years under each of the following methods: a. Straight line Years Depreciation Rate Depreciation Expense 1 0% $ 250 2 0% 250 3 0% 250 4 0% 250 1,000 b. Sum-of-the-years'-digits Years Depreciation Rate Depreciation Expense 1 40% 400 2 30% 300 3 20% 200 4 10% 100 $ 1,000 c. Double-declining balance Remaining Book Value Years 1 $ 2 3 4 Depreciation Rate Depreciation Expense 1,200 50% 600 $ 600 300 50% 300 200 50 100 $ 1,000