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 Sum-of-the- Straight-Line Years'-Digits $9.000 $15,000 1 Double-Declining Balance $20,000 12.000 2 9,000 12,000 3 9,000 9.000 7.200 4 9.000 6,000 4,320 5 9.000 3.000 1.480 Total $45,000 $45.000 545.000 What is the cost of the asset being depreciated? Cost of asset $ e Textbook and Media What amount, if any, was used in the depreciation calculations for the salvage value for this asset? Salvage value $ Which method will produce the highest charge to income in Year 1? The method that produces the highest charge to income in Year 1 is e Textbook and Media Double-Declining Balance Method Straight-line Method Sum of the Years Digits Which method will produce the highest charge to income in Year 42 The method that produces the highest charge to income in Year 4 is