On January 4, 2016, Chicago Company purchased new equipment for $657.000 that had a useful life of four years and a salvage value of S47.000. 1. Prepare a schedule showing the annual depreciation and end-of-year accumulated depreciation for the first three years of the asset's life under the straight-line method. STRAIGHT LINE METHOD Acquisition salvage Life Value Useful Annual Accumulated 2. Prepare a schedule showing the annual depreciation and end-of-year accumulated depreciation for the first three years of the assets life under the sum-of-the-years'-digits method. SUM-OF THE YEARS DIGITs METHOD Cost Less Annual Accumulated Salvage Depreciation Depreciation