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Rembrandt Company acquired a plant asset at the beginning of Year 1. The asset has an estimated service life of 5 years. An employee has

Rembrandt Company acquired a plant asset at the beginning of Year 1. The asset has an estimated service life of 5 years. An employee has prepared depreciation schedules for this asset using three different methods to compare the results of using one method with the results of using other methods. You are to assume that the following schedules have been correctly prepared for this asset using (1) the straight-line method, (2) the sum-of-the-years'-digits method, and (3) the double-declining-balance method.

Year

Straight-Line

Sum-of-the- Years'-Digits

Double-Declining- Balance

1 $15,210 $25,350 $33,800
2 15,210 20,280 20,280
3 15,210 15,210 12,168
4 15,210 10,140 7,301
5 15,210 5,070 2,501
Total $76,050 $76,050 $76,050

What is the cost of the asset being depreciated?

What amount, if any, was used in the depreciation calculations for the salvage value for this asset

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