Suppose the Atlanta Falcons purchased a new set of goal posts for $20,000 each. The Falcons expect the goal posts to have a useful life of five years and a salvage value of $1,000 each when they sell them to a local high school. Compute the first years depreciation using the following methods:a. Straight-line

First start with the purchase price then subtract the salvage value to get your depreciable base. Take your depreciable base and divide it by the useful life to get your depreciation per year.