Equipment costing $590,000 with an expected useful life of 10years and an expected salvage value of $40,000, was purchased atthe beginning of the year.
Calculate the depreciation expense for the first five yearsusing:
(a) Sum-of-the-years' digits method. Do not round until finalcalculation. Round answers to the nearest whole number.
(b) Double-declining balance method (without straight-lineswitchover). Do not round until final calculation. Round answers tothe nearest whole number.
