Problem
The Delta Cruise Company purchased a new tender (a small motor boat) for $15,000. Its salvage value is $500 after its useful life of 5 years. Calculate the depreciation schedule using:
(a) Double-declining balance.
(b) SOYD methods.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.