Question: Please help with the questions below Required: Calculate depreciation expense using straight-line depreciation, double-declining balance, and sum-of-the-years digits depreciation. Ask the Question: How does depreciation

Please help with the questions below

Required:

Calculate depreciation expense using straight-line depreciation, double-declining balance, and sum-of-the-years digits depreciation. Ask the Question: How does depreciation differ by the depreciation method chosen?

Master the Data: Pathway Gardens is a landscaping company. It has various equipment that appears on its fixed asset schedule included in the spreadsheet Lab 1-2.xlsx. We will compute the depreciation using three different methods and compare and contrast them.

Current Year 2022
Year Placed in Service Useful Life Description Original Cost Salvage Value
2019 5 Shovel 50 10
2021 5 Garden fork 50 10
2019 5 Rake 50 10
2019 5 Dutch hoe 50 10
2020 5 Garden fork 50 10
2018 7 Lawn Shears 20 5
2016 7 Pruners 80 10
2019 5 Trowel 20 5
2020 5 Chain Saw 650 50
2019 5 Power Trimmer 650 50
2017 10 Trailer for Equipment 2,000 200
2020 5 Push Lawnmower 1 1,100 150
2019 7 Dump Trailer 15,000 3,500
2019 5 Truck 1 35,000 3,000
2021 5 Truck 2 35,000 3,000
2020 5 Riding Lawnmover 4,500 500
2020 5 Push Lawnmower 2 500 100

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