Question 11 (Mandatory) (25 points) Saved XYZ Construction Company purchased a loader at a cost of $173,000 on June 2, 2016. The loader has useful life of 6 years with an estimated salvage value of $35,000. Considering this information, answer the following questions. 9 Using the Sum of the Years Digits depreciation method, what is the depreciation in year 1? 6 1. $23,000 Using the Double Declining Balance depreciation method, what is the cumulative depreciation after 3 years? 2. $69,000 3. $58,000 11 Using the Straight Line depreciation method, what is the depreciation in 4. $57,667 year 2? $25 630 depreciation method, what is the depreciation in 4. $57,667 year 2? 5. $25,630 4. 6. $121,741 Using the Double Declining Balance depreciation method, what is the depreciation in year 1? 7. $51,259 8. $15,188 10