I vietiiuUS Chan Ltd, purchased new furniture for its store on 1 May 2013. The furniture is expected to have a year me and with 20.00e residual value. The following expenditures were associated with the purchase: Cost of the furniture $90,000 cost = 70.000+ Freight charges 5,000 1500+3 -96.400 Sales taxes 3,500 Installation of furniture 1,500 Chan Ltd adopts the cost model as its accounting policy in subsequently measuring its property, plant, and equipment. Instructions a. Compute depreciation expense for the years 2013 through 2017 under each depreciation method listed below: ( assuming the depreciation policy for partial period depreciation is by using rounded to the nearest whole month) 1. Straight-line method. 2. 200 percent declining-balance, 3. sum-of-the-year-digit method