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Question 1 Compute Straight-Line depreciation from the following data: Cost-$50,000; Salvage Value -10%; Market Value $60,000; and years of service-10 years 5,400 5,000 6,000 4,500

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Question 1 Compute Straight-Line depreciation from the following data: Cost-$50,000; Salvage Value -10%; Market Value $60,000; and years of service-10 years 5,400 5,000 6,000 4,500 Question 2 3.4 Compute Double Declining Balance from the following data: Cost-$60,000; Salvage Value 10%; Market Value $70,000; and years of service-10 years (First Year) 5.000 12.000 10,000 9.000

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