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    BLynch808's Avatar
    BLynch808 Posts: 1, Reputation: 1
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    #1

    Nov 14, 2012, 12:21 PM
    I need help using different depreciation methods and comparing the results
    On January 4, 2013, Illinois Company purchased new equipment for $550,000 that had a useful life of four years and a salvage value of $50,000. Prepare a schedule showing the annual depreciation and end-of-year accumulated depreciation for the first three years of the asset's life under (1) the straight-line method, (2) the sum-of-the-year's digits method, and (3) the double-declining-balance method.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Nov 14, 2012, 02:22 PM
    It is simple math what is your specific problem
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