Computing Partial Period Depreciation under Multiple Depreciation Methods The following information is available for equipment purchased in the first two years of business. Compute depreciation expense for Year 2 for each asset #1, #2, #3, and #4. Note: Carry all decimals in calculations; round final answers to the nearest dollar.

Asset	Acquisition Date	Depreciation Method	Acquisition Cost	Useful Life	Salvage Value	Year 2 Depreciation Expense
#1	Jan. 1, Year 1	Straight-line	$16,000	4 years	$800	Answer
#2	Aug. 30, Year 1	Double-declining-balance	23,200	8 years	1,600	Answer
#3	Feb. 1, Year 2	Sum-of-the-years'-digits	28,800	4 years	1,280	Answer
#4	Jul. 31, Year 2	Straight-line	54,080	8 years	0	Answer