Prepare schedule showing the annual depreciation

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On January 2, 2013, the Hanover Company purchased some office equipment for $20,000. The equipment is expected to have a useful life of five years and a salvage value of $2,000. Prepare a schedule showing the annual depreciation for each of the first three years of the asset's life under the straight-line method, the double-declining-balance method, and the sum-of-the-years'-digits method. Straight-Line Double-Decl Bal Sum-Years Digits 2013 2014 2015

Reference no: EM131202896

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