on January 4, 2019 Columbus company purchase new equipment for $590,000 that had a useful life of four years and a salvage value of $58,000

required: prepare schedule showing the annual depreciation and end of year accumulated depreciation for the first three years of the assets live under the street line method for some of the years digit method and the double decline in balance method

analyze: if the double declining balance method is used to compute depreciation what would be the book value of the asset at the end of 2020?

On January 4, 2019, Columbus Company purchased new equipment for $590,000 that had a useful life of four years and a salvage value of $58,000. Required: 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, the sum-of-the-years-digits method, and the double-declining-balance method. Analyze: If the double-declining balance method is used to compute depreciation, what would be the book value of the asset at the end of 2020? Complete this question by entering your answers in the tabs below. Straight Line Sum of Year Digits Double Declining Analyze 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. Complete this question by entering your answers in the tabs below. Straight Line Sum of Year Digits Double Declining Analyze Prepare a schedule showing the annual depreciation and end-of-year accumulated depreciation for t asset's life under the straight-line method. STRAIGHT-LINE METHOD Salvage Value Useful Life Acquisition Cost Year Annual Depreciation Accumulated Depreciation years 2019 2020 2021 years years Sum of Year Digits > Complete this question by entering your answers in the tabs below. Straight Line Sum of Year Digits Double Declining Analyze Prepare a schedule showing the annual depreciation and end-of-year accumulated depreciati asset's life under the sum-of-the-years'-digits method. Year SUM-OF-THE-YEARS'-DIGITS METHOD Fraction Cost Less Annual Salvage Depreciation Accumulated Depreciation 2019 2020 2021 Straight Line Double Declining > complete this question by entering your answers in the tabs below. Straight Line Sum of Year Digits Double Declining Analyze Prepare a schedule showing the annual depreciation and end-of-year accumulated depreciation for the first three years of asset's life under the double-declining-balance method. (Round your Depreciation rate to 2 decimal places i.e., 50% should entered as 0.50.) Year DOUBLE-DECLINING-BALANCE METHOD Beginning Rate Annual Book Value Depreciation Accumulated Depreciation 2019 2020 2021 Complete this question by entering your answers in the tabs below. Straight Line Sum of Year Digits Double Declining Analyze If the double-declining balance method is used to compute depreciation, what would be the book value of of 2020? Book value Double Declining