Question: The hospital has acquired medical diagnostic equipment that cost $3,000,000 total. In addition, the hospital had to pay $55,000 to have the equipment shipped to it from the manufacturer, and $60,000 to install the equipment. It is expected that the equipment has a 7-year useful life, and a $200,000 salvage value. Calculate the ten years of depreciation using straight line, double declining balance, and sum-of-the-years digits

Equipment Other Cost Full Value Useful Life Salvage Value Depreciable Base Straight-Line Annual Accumulated Depreciation Depreciation Double Declining Balance Annual Accumulated Depreciation Depreciation Sum-of-the-years Digits Annual Accumulated Depreciation Depreciation Year