Question: The depreciation data for a property are as follows: Book Value - $350,000 Salvage value = $50,000 . Depreciable life = 5 years a) Compute

The depreciation data for a property are as follows: Book Value - $350,000 Salvage value = $50,000 . Depreciable life = 5 years a) Compute the second year depreciation (d) for the asset using Straight line method (3 points) Double declining balance method (3 points) Sum of the year digits method (3 points) b) Develop the depreciation schedule using the MARCS-GDS method. (6 Points) TARE 11 MAORS Depreciation for Personal Property Hour Comment AC 1 1000 7 1 40 174 3.00 9.50 1760 19:30 14 140 5677 1152 1133 1132 576 5.70 737 7 39 655 655 656 391 10 11 301 3190 461 591 1 15 591 16 15 4 19 20 21

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