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You buy 2 brand new Peleton Bikes for your training facility business for $3,000. You plan to write off the two bike assets with a

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You buy 2 brand new Peleton Bikes for your training facility business for $3,000. You plan to write off the two bike assets with a lifetime span of 5 years ( 0 salvage value). Q. Create depreciation schedules for the Peleton bikes using 'straight line' and 'sum of years digits' method. From a tax management perspective, which depreciation method would you choose to write off your bikes. Explain why

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