Extra Credit: 15 polnts 1.An asset is purchased on January 1 at a cost of $25,000. It is expected to be used for four years and have a salvage value of $1,000. Calculate the depreciation expense for each year of the asset's useful life under each of the following methods: (Show Work) Straight-line method Double-declining-balance method Sum-of-the-years-digits' method a. b. C. a. Year Depreciation Book Value 1. Book Value Depreciation b. Year e. Year Depreciation Book Value MacBook Air 44 F7 000 FB