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need assitance solving this problem Calculating Accelerated Depreciation. Equipment costing $400,000 with an expected useful life of 8 years and an expected salvage value of

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Calculating Accelerated Depreciation. Equipment costing $400,000 with an expected useful life of 8 years and an expected salvage value of $40.000, was purchased at the beginning of the year. Calculate the depreciation expense for the first five years using: (a) Sum-of-the-years digits method. Do not round until final calculation. Round answers to the nearest whole number Year 1 $ 120,000 * Year 25 96,000 x Year 3 5 72,000 Vear 4 5 43,000 X Year 5 5 24,000 (b) Double-declining balance method (without straight-line switchover). Do not round until final calculation. Round answers to the nearest whole number. Year 1 $ 160,000 Years 95,000 Year 35 57,600 x Year 4 5 34,560 X Years 20,736 x Previous

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