Exercise $12-29($Algo$)$ Value of Accelerated Depreciation: Sum$-$of$-$Years'$-$Digits $($SYD$)$ and DoubleDeclining$-$Balance $($DDB$)$ Methods $[$LO $12-3]$ Freedom Corporation acquired a fixed asset for $\backslash (\backslash$$ $220,000\backslash ).$ Its estimated life at time of purchase was $4$ years, with no estimated TABLE $2.)$ Required: $1.$ What is the incremental present value of the tax benefits resulting from calculating depreciation using the sum$-$of$-$the$-$years'$-$digits $($SYD$)$ method rather than the straight$-$line $($SLN$)$ method on this asset? Use the SYD and SLN functions in Excel to calculate depreciation charges. $2.$ What is the incremental present value of the tax benefits resulting from calculating depreciation using the double$-$declining$-$balance $($DDB$)$ method rather than the straight$-$line $($SLN$)$ method on this asset? Use the SLN and DDB functions in Excel to calculate depreciation charges. $3.$ What is the incremental present value of the tax benefits resulting from using MACRS rather than straight$-$line $($SLN$)$ depreciation? The asset qualifies as a $3-$year asset. Use the half$-$year convention. Complete this question by entering your answers in the tabs below. What is the incremental present value of the tax benefits resulting from calculating depreciation using the sum$-$of$-$the$-$years'digits $($SYD$)$ method rather than the straight$-$line $($SLN$)$ method on this asset? Use the SYD and SLN functions in Excel to calculate depreciation charges. $($Negative amount should be indicated by a minus sign. Round your answer to the nearest whole dollar.$)/$r$/$n What is the incremental present value of the tax benefits resulting from calculating depreciation using the double$-$decliningbalance $($DDB$)$ method rather than the straight$-$line $($SLN$)$ method on this asset? Use the SLN and DDB functions in Excel to calculate depreciation charges. $($Negative amount should be indicated by a minus sign. Round your answer to the nearest whole dollar.$)/$r$/$n What is the incremental present value of the tax benefits resulting from using MACRS rather than straight$-$line $($SLN$)$ depreciation? The asset qualifies as a $3-$year asset. Use the half$-$year convention. $($Negative amount should be indicated by a minus sign. Round your answer to the nearest whole dollar.$)$ Incremental PV of tax savings using MACRS depreciation