(Solved): Consider the following data on an asset: Cost of the asset, I $300,000 Useful life, N , 6 years Sa ...

Consider the following data on an asset: Cost of the asset, I $300,000 Useful life, N , 6 years Salvage value, s $ 60,000 Compute the annual depreciation allowances and the resulting book values, using Bn-1 a) (12 pts) The straight-line depreciation method. b) (13 pts) The double-declining-balance method (as always, you must ensure that the last book value is equal to the salvage value). Report your solutions for each method in the following format: n Dn Bn 1 2 3 4 5 6 3 4 Ou