Question: Using the Declining-Balance Method: 1.) An asset costs $9,000, has a 4 year life, and a salvage value of $1,250. What is the year 3

Using the Declining-Balance Method:

1.) An asset costs $9,000, has a 4 year life, and a salvage value of $1,250. What is the year 3 depreciation?

2.) An asset costs $34,900, has an 8 year life, and a salvage value of $3,500. What is the year 2 depreciation?

3.) An asset costs $24,000, has a 6 year life, and a salvage value of $3,000. What is the year 1 depreciation?

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