The Acme Chemical Company purchased $45,000 of research equipment, which it believes will have zero salvage value

Question:

The Acme Chemical Company purchased $45,000 of research equipment, which it believes will have zero at the end of its 5-year life. Compute the depreciation schedule for the equipment by each of the following methods: .
(a) Straight line.
(b) Sum-of-years'-digits.
(c) Double declining balance.
(d) Modified accelerated cost recovery system. Salvage Value
Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important...