Chapter 11 - Investments in Noncurrent Operating Assets - Utilization and Retirement Problem 1 Turkey Enterprises purchased new equipment at a cost of $500,000 on March 26, 2014. The equipment is estimated to have a useful life of 5 years and a zero residual value. Turkey records half-a-year of depreciation in the year of purchase. Compute depreciation expense over the useful life of the asset using the straight-line, double-declining-balance (DDB) and sum-of-the-years-digits (SYD) depreciation methods. Year Straight-Line DDB SYD 2014 2015 2016 2017 2018 2019