On January 4, 2019, Columbus Company purchased new equipment for $621,000 that had a useful life of four years and a salvage value of $41,000. Required: Prepare a schedule showing the annual depreciation and end-of-year accumulated depreciation for the first three years of the assets 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?

STRAIGHT LINE METHOD
Year	Acquisition Cost	Salvage Value	Useful Life		Annual Depreciation	Accumulated Depreciation
2019				years
2020				years
2021				years

SUM-OF-THE-YEARS'-DIGITS METHOD
Year	Fraction	Cost Less Salvage	Annual Depreciation	Accumulated Depreciation
2019
2020
2021

DOUBLE DECLINING BALANCE METHOD
Year	Beginning Book Value	Rate	Annual Depreciation	Accumulated Depreciation
2019
2020
2021