Hightower Company acquired an asset on January 2, 2019, at a cost of $133,000. The assets useful life is four years and its salvage value is $38,000. Compute the depreciation expense for each of the first two years, using the straight-line method, the double-declining-balance method, and the sum-of-the-years-digits method.

Compute the depreciation expense for the first two years, using the straight-line method.

STRAIGHT-LINE METHOD
Year	Acquisition Cost	Salvage Value	Useful Life		Depreciation	Accumulated Depreciation
1				years
2				years

Compute the depreciation expense for the first two years, using the double-declining-balance method.

DOUBLE-DECLINING-BALANCE METHOD
Year	Beginning Book Value	Rate		Depreciation	Accumulated Depreciation
1			%
2			%

Compute the depreciation expense for the first two years, using the sum-of-the-years-digits method.

SUM-OF-THE-YEARS-DIGITS METHOD
Year	Fraction			Cost Less Salvage	Depreciation	Accumulated Depreciation
1		/
2		/