Using the following data, solve for the depreciation and book value and prepare tabulation of book value using

a) Straight Line Method, b) Sinking Fund Method, c) Declining Balance Method, and d) Sum-of-Years Digit (SOYD) Method.

First cost = 10,000

Salvage Value = 500

Life of Property = 5 years

For sinking fund method, assume 10% interest rate.