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

A light truck is purchased on January 1 at a cost of $39,190. It is expected to serve for eight years and have a salvage value of $5,510. Calculate the depreciation expense for the first and third years of the truck's life using the following methods. If required, round your answers to the nearest cent.

Depreciation Expense Year 1 Year 3

1.Straight-line $ $

2.Double-declining-balance $ $

3.Sum-of-the-years'-digits $ $