This question has 6 parts. Insane, I know.

Please show me how you got the answers because I am struggling

Flounder Company acquired a plant asset at the beginning of Year 1. The asset has an estimated service life of 5 years. An employee has prepared depreciation schedules for this asset using three different methods to compare the results of using one method with the results of using other methods. You are to assume that the following schedules have been correctly prepared for this asset using (1) the straight-line method. (2) the sum-of-the-years-digits method, and (3) the double-declining-balance method. Year 2 3 4 5 Straight-Line $12,060 12,060 12,060 12.060 12.060 $60,300 Sum-of-the- Years"-Digits $20,100 16,080 12,060 8,040 4,020 $60,300 Double- Declining: Balance $26.800 16,080 9.648 5.789 1.983 $60,300 Total Answer the following questions. Part 1 What is the cost of the asset being depreciated? Cost of asset $ eTextbook and Media Save for Later Attempts: 0 of 15 used Submit Answer Part 2 What amount, if any, was used in the depreciation calculations for the salvage value for this asset? Salvage value $ Part 3 Which method will produce the highest charge to income in Year 1? The method that produces the highest charge to income in Year 1 is The method that produces the highest charge to income in Year 4 is e Textbook and Media Save for Later Attempts: 0 of 15 used Submit Answer Part 5 Which method will produce the highest book value for the asset at the end of Year 3? The method that produces the highest book value for the asset at the end of Year 3 is