CALCULATOR FULL SCREEN PRINTER VERSION BACK Marigold Company acquired a plant asset at the beginning of Year 1. The asset has an estimated service life of 5 years. An employee has prepared depreciation schedules for this asset using three different methods to compare the results of using one method with the results of using other methods. You are to assume that the following schedules have been correctly prepared for this asset using (1) the straight-line method, (2) the sum-of-the-years'-digits method, and (3) the double-declining-balance method Double- Declining- Balance Sum-of-the Year Straight-Line Years'-Digits $12,060 12,060 12,060 12,060 12,060 $60,300 $20,100 16,080 12,060 8,040 4,020 $60,300 $26,800 16,080 9,648 5,789 1,983 $60,300 2 4 Total Answer the following questions What is the cost of the asset being depreciated? Cost of asset LINK TO TEXT What amount, if any, was used in the depreciation calculations for the salvage value for this asset? Salvage value