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Rembrandt Company acquired a plant asset at the beginning of Year 1. The asset has...

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Accounting

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Rembrandt Company acquired a plant asset at the beginning of Year 1. The asset has an estimated service life of 5 years. An employee has prepared depreciation schedules for this asset using three different methods to compare the results of using one method with the results of using other methods. You are to assume that the 1 2 10 following schedules of-the-years'-digits method, and (3) the double-declining-balance method. have been correctly prepared for this asset using (1) the straight-line method, (2) the sum- Sum-of-the- rt Declining ear Straight-Line Years Digits $28,350 22,680 17,010 11,340 17,010,670 Study Total$85,05085,050 $17,010 17,010 17,010 17,010 $37,800 22,680 13,608 8,165 2,797 $85,050 5 Answer the following questions. What is the cost of the asset being depreciated? (Round answer to O decimal places, e.g. a5s,892,) Cost of asset s LINK TO TEXT What amount, if any, was used in the depreciation calculations for the salvage velue for this asset? (Round answer to o decimal places e.9. 45,892)

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