depreciation computation sl, syd, ddb

Project Description:

e11-1 (depreciation computations—sl, syd, ddb) lansbury company purchases equipment on january 1, year 1, at a cost of $518,000. the asset is expected to have a service life of 12 years and a salvage value of $50,000.

instructions


0.
compute the amount of depreciation for each of years 1 through 3 using the straight-line depreciation method.


0.
compute the amount of depreciation for each of years 1 through 3 using the sum-of-the-years'-digits method.


0.
compute the amount of depreciation for each of years 1 through 3 using the double-declining-balance method. (in performing your calculations, round constant percentage to the nearest one-hundredth of a point and round answers to the nearest dollar.)
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