ACC 304 All Assignments ACC 304 All Assignments | Page 162

of using other methods. You are to assume that the following schedules
have been correctly prepared for this asset using (1) the straight-line
method, (2) the sum-of-the-years'-digits method, and (3) the double-
declining-balance method.
Year
Straight-Line
Years'-Digits
Sum-of-the-
Double-Declining-
Balance
1
$26,600 $11,970 2
15,960 11,970 15,960
3
9,576 11,970 11,970
4
5,746 11,970 7,980
5
1,968 11,970 3,990
Total
$59,850
$59,850
$19,950
$59,850
10) What is the cost of the asset being depreciated? (Round answer to
0 decimal places, e.g. 45,892.)
Cost of asset
$