See the attached file.
The Blue Spruce Inn has purchased a shuttle bus to transport guests to and from a local ski lodge. The cost of the bus is $80000; its salvage value is $10000; and its life is five years.
Calculate the second year's depreciation under each of the following methods.
2. Sum of the years' digits
3. Double declining balance.
In straight line method the depreciation is the same every year
Depreciation per year = (Cost - Salvage Value)/Useful Life
Depreciation = ...
The solution explains how to calculate depreciation using Straight-line, Sum of the years' digits and Double declining balance method