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Exercise 11-2 (Part Level Submission) Sandhill 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 Sum-of-the- Year Straight-Line Years'-Digits Double- Declining- Balance $13,320 13,320 13,320 13,320 13,320 $66,600 S22,200 17,760 13,320 8,880 4,440 566,600 $29,600 17,760 10,656 6,394 2,190 566,600 Total Answer the following questions. What is the cost of the asset being depreciated? Cost of asset