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Wildhorse Company purchases equipment on January 1, 2020, at a cost of $443,120. The asset...

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Accounting

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Wildhorse Company purchases equipment on January 1, 2020, at a cost of $443,120. The asset is expected to have a service life of 12 years and a salvage value of $50,000 Calculate the amount of depreciation for each of 2020,2021 , and 2022 using the straight-line depreciation method. Calculate the amount of depreciation for each of 2020,2021 , and 2022 using the sum-of-the-years-digits method. Calculate the amount of depreciation for each of 2020,2021 , and 2022 using the sum-of-the-years'-digits method. Calculate the amount of depreciation for each of 2020, 2021, and 2022 using the double-declining-balance method. (Round depreciation rate to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, eg. 5,275.)

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