The following information is known: Cost $ 2,000 Useful Life $ 5 yr. Salvage Value $ 500 1. Calculate the straight-line depreciation for each year of the asset's useful life. 1. What is the MACRS Depreciation for the same asset if it is a 3 year property? 1. What is the DDB Depreciation for the same asset each of the years of the asset's useful life? Yr. S.L. MACRS DDB 1 2 2 3 4 5 The following information is known: Cost $ 2,000 Useful Life $ 5 yr. Salvage Value $ 500 1. Calculate the straight-line depreciation for each year of the asset's useful life. 1. What is the MACRS Depreciation for the same asset if it is a 3 year property? 1. What is the DDB Depreciation for the same asset each of the years of the asset's useful life? Yr. S.L. MACRS DDB 1 2 2 3 4 5