On January 5, 2021, Johnson Company paid $264,000 for a computer system. In addition to the basic purchase price, the company paid a setup fee of $1,000, sales tax of $7,000, and $28,000 for a special platform on which to place the computer. Johnson's management estimates that the computer will remain in service for five years and have a residual value of $30,000. The computer will process 35,000 documents the first year, with annual processing decreasing by 2,500 documents during each of the next four years (that is, 32,500 documents in 2022; 30,000 documents in 2023; and so on). For help with deciding which depreciation method to use, the company president has requested a depreciation schedule for each of the three depreciation methods. If rounding is necessary, use two decimal places for the depreciation amount per document. Read the requirements Requirement 1. For each of the generally accepted depreciation methods, prepare a depreciation schedule showing asset cost, depreciation expense, accumulated depreciation, and asset book value. Complete the straight-line depreciation schedule. Begin by filling out the schedule through 2022, and then complete the schedule by entering the amounts through 2025. (Enter the rate to two decimal places.) Straight-Line Depreciation Schedule Date Cost Rate Depreciable Cost Yearly Expense Accumulated Depreciation Book Value January 5, 2021 $ 300,000 $ 300,000 December 31, 2021 0.20 $ 270,000 $ 54,000 $ 54,000 246,000 December 31, 2022 0.20 270,000 54,000 108,000 192,000 December 31, 2023 December 31, 2024 December 31, 2025