Hasselback 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 depreciationschedules 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 thefollowing schedules have been correctly prepared for this asset using (1) the straight-line method, (2) the sum-of-the-years'-digits method, and (3) thedouble-declining balance method.
Year Straight-Line Sum-if-the-Years'- Digits Double Declining Balance