Engineering Economy

Your company purchased a $21,000 asset that has a depreciable life of 10 years. At the end of 10 years, the asset will be sold for a salvage value of $2255. Provide the book value and depreciation at the end of each 1. year using the following depreciation methods: 1. Straight-line depreciation method 2. Sum of the years' digits methocd 3. Double declining balance method