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Calculate the amount of depreciation expense

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Reference no: EM13983685

How do I calculate the amount of depreciation expense in Straight Line Method, Sum of Years Method, and Declining Balance for

Asset                Cost            Salvage Value         Estimated Life

Truck            $32,000             $5,000                       6 years

Tractor         $45,000             $3,000                        7

Corn Planter 35,000               0                                 7

Barn               100,000              6,000                        15

Fences             25.000              0                                10

Cattle Squeeze chute   $5,000               $500           7

Computer            3,000           300                             5

Reference no: EM13983685

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