Ebersole Company purchases equipment on January 1, Year 1, at a cost of $260,000. The asset is expected to have a service life of 6 years and a salvage value of $20,000.

1. Compute the amount of depreciation for each of Years 1 and 2 using the straight-line depreciation method.

Depreciation for Year 1 $

Depreciation for Year 2 $

2. Compute the amount of depreciation for each of Years 1 and 2 using the sum-of-the-years-digits method.

Depreciation for Year 1 $

Depreciation for Year 2 $

3. Compute the amount of depreciation for each of Years 1 and 2 using the double-declining-balance method. (Round depreciation rate to 2 decimal places, e.g. 15.84% and final answers to 0 decimal places, e.g. 45,892.)

Depreciation for Year 1 $

Depreciation for Year 2 $