Exercise 11-2 (Part Level Submission) Blue Company acquired a plant asset at the beginning of Year 1. The asset has an estimated service life of 5 years. An employee has prepared depreciation schedules for this asset using three different methods using (1) the straight-line method, (2) the sum-of-the-years'-digits method, and (3) the double-declining-balance method. compare the results of using one method with the results of using other methods. You are to assume that the following schedules have been correctly prepared for this asset Double- Declining- Sum-of-the- Straight-Line Years'-Digits Balance Year 1 $11,700 $19,500 $26,000 2 11,700 15.600 15,600 11,700 11,700 9,360 4 11,700 7,800 5,616 11,700 3,900 1,924 $58,500 Total $58,500 $58,500 Answer the following questions (a) the cost of the asset being depreciated? What Cost of asset