Subject: Financial Accounting II

i need the answer quickly

Q.2 Grain products acquired new equipment with an estimated useful life of 5 years. Cost of the equipment was $100,000 and the residual value was estimated to be $15,000. Compute annual depreciation expense for each calendar year under each of the following methods of depreciation.

Required: ( a) Straight line

(b) Double Declining Balance

c) Sum-of-the-years digits

d) MACR for 3-year property

e) For income tax purpose which method should be used by Grain products. State with reasons.