Sports Biz, a profitable company, built and equipped a $2,000,000 plant brought into operation early in Year 1. Earnings of the company (before depreciation on the new plant and before income taxes) is projected at $3,000,000 every year. The company can use double declining-balance and sum-of-the-years'-digits depreciation for the new plant. Assume the plants useful life is 10 years (with no salvage value) and an income tax rate of 50%. Round to nearest dollar.

Requirements:

1-Compute the depreciation using double declining-balance in year 1

2. Compute the depreciation using double declining-balance in year 2

3. Compute the depreciation using sum-of-the-years'-digits in year 1

4. Compute the depreciation using sum-of-the-years'-digits in year 2.