Calculate the depreciation on an asset that originally cost $700,000, has a salvage value of $70,000 and an estimated useful life of 7 years. You only need to record the FIRST 4 years using each...

Sheet1
                                                Template #8
                                                Spring 2019
    Calculate the depreciation on an asset that originally cost $700,000, has a salvage value of $70,000
    and an estimated useful life of 7 years.
    You only need to record the FIRST 4 years using each method
    SHOW YOUR CALCULATIONS. YOU DO NOT NEED TO SHOW EXCEL FORMULAS JUST HOW YOU ARRIVED AT YOUR ANSWERS
    STRAIGHT LINE                                    SHOW YOUR WORK HERE
            YEAR1    $90,000                        Cost of Asset            $700,000
            YEAR 2    $90,000                        Less: Salvage value            $70,000
            YEAR...