Consider five depreciation schedules: They are based on the same initial cost, useful life, and salvage value

Question:

Consider five depreciation schedules:

They are based on the same initial cost, useful life, and salvage value. Identify each schedule as one of the following
• Straight-line depreciation.
• Sum-of-years' -digits depreciation.
• 150% declining balance depreciation.
• Double declining balance depreciation.
• Unit-of-production depreciation.
• 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...