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