Preparing Depreciation Schedules Using Various Depreciation Methods Frito Inc. acquired equipment on January 1 at a cost of $50,000 that is estimated to have a useful life of five years and a residual value of $12,500. Required Prepare a depreciation schedule showing annual depreciation expense, and year-end accumulated depreciation and book value over the life of the asset using the following methods. a. Straight-line method. b. Sum-of-the-years'-digits method. c. Double-declining-balance method. b. Sum-of-the-Years'-Digits Depreciation Method Preparing Depreciation Schedules Using Various Depreciation Methods Frito Inc. acquired equipment on January 1 at a cost of $50,000 that is estimated to have a useful life of five years and a residual value of $12,500. Required Prepare a depreciation schedule showing annual depreciation expense, and year-end accumulated depreciation and book value over the life of the asset using the following methods. a. Straight-line method. b. Sum-of-the-years'-digits method. c. Double-declining-balance method. c. Double-Declining-Balance Depreciation Method Preparing Depreciation Schedules Using Various Depreciation Methods Frito Inc. acquired equipment on January 1 at a cost of $50,000 that is estimated to have a useful life of five years and a residual value of $12,500. Required Prepare a depreciation schedule showing annual depreciation expense, and year-end accumulated depreciation and book value over the life of the asset using the following methods. a. Straight-line method. b. Sum-of-the-years'-digits method. c. Double-declining-balance method. a. Straight-Line Depreciation Method