Question: I need help show your work !! III . (24 points) On July 1, 202 3 , S aech a o Company purchased for $

I need help show your work !!

III. (24 points) On July 1, 2023, Saechao Company purchased for $2,000,000 equipment having an estimated useful life of 6years with an estimated salvage value of $200,000. Depreciation is taken for the portion of the year the asset is used.

Instructions

Calculate the depreciation expense for 2023 and 2024 using the:

1.Straight-line method

2. Sum-of-the-years'-digits method.

3.Double-declining balance method.

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