Straight-Line, Declining-Balance, and Sum-of-the-Years'-Digits Methods

A light truck is purchased on January 1 at a cost of $35,000. It is expected to serve for eight years and have a salvage value of $5,000. Calculate the depreciation expense for the first and third years of the trucks life using the following methods. Round your answers to the nearest cent.

	Depreciation Expense
	Year 1	Year 3
1. Straight-line	$fill in the blank 1	$fill in the blank 2
2. Double-declining-balance	$fill in the blank 3	$fill in the blank 4
3. Sum-of-the-years'-digits	$fill in the blank 5	$fill in the blank 6