Question: Using the data presented in the table below, evaluate the depreciation methods mentioned in parts (a) and (b) and comment as requested in part (c).

Using the data presented in the table below, evaluate the depreciation methods mentioned in parts (a) and (b) and comment as requested in part (c).

First cost	$750,000
Salvage value	$50,000
Estimated life (years)	5

a. Calculate the depreciation schedule using the straight-line method. b. Calculate the depreciation schedule using the double declining balance (DDB) method with conversion to straight-line if needed. c. Explain (without calculations) which method should be better for income taxes purposes.

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