a. Using straight-line depreciation, what is the book value after three years for an asset costing $121,000 that has a salvage value of $30,000 after 10 years? What is

the depreciation charge in the fourth year?

b. Using declining-balance depreciation with d= 10 percent, what is the book value after three years for an asset costing $121,000? What is the depreciation charge

in the fourth year?

c. What is the depreciation rate using declining balance for an asset costing $121,000 and having a salvage value of $30,000 after 10 years?

a. The book value after three years using straight-line depreciation is $

(Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

The depreciation charge in the fourth year using straight-line depreciation is $_________________

(Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

b. The book value after three years using declining-balance depreciation is $

(Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

The depreciation charge in the fourth year declining-balance depreciation is $________________

(Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

C. The depreciation rate using declining balance is ___________% percent.

(Round the final answer to one decimal place as needed. Round all intermediate values to six decimal places as needed.)