(Depreciation Computations-SL, SYD, DDB) Montoni Company purchases equipment on January 1, year 1, at a cost of $ 469,000. The asset is expected to have a service life of 12 years and a salvage value of $ 40,000.
Instructions
Complete the amount of depreciation for each years 1 through 3 using the straight-line depreciation method.
Complete the amount of depreciation for each years 1 through 3 using the sum-of-the-years’-digits method.
Complete the amount of depreciation for each years 1 through 3 using the double-declining balance method. (In performing your calculations, round constant percentage to the nearest one-hundredth of a point and round answers to the nearest dollar.
