Pn July $1,2023,$ Saechao Company purchased for $$2,000,000$ equipment having an estimated useful life of $6$ years with an

estimated salvage value of $$200,000.$ Depreciation is taken for the portion of the year the asset is used.

Instructions

Calculate the depreciation expense for $2023$ and $2024$ using the:

Straight$-$line method

Sum$-$of$-$the$-$years'$-$digits method.

Double$-$declining balance method.