The double-declining-balance method is to beused for an asset with a cost of $88,000, an estimatedsalvage value of $13,000, and an estimated useful lifeof six years.(a) What is the depreciation for the first three fiscalyears, assuming that the asset was placed inservice at the beginning of the year?(b) If switching to the straight-line method isallowed, when is the optimal time to switch?

You are to create a year-by-year depreciation schedule for an asset that has a cost basis (B) of $950,000 and estimated salvage value (SV10) of $80,000 after 10 years. For the straight-line and 200% declining balance methods, use a depreciable life (N) of 10 years. For MACRS, use a recovery period (N) of 7-yrs. ΕΟΥ, Κ 0 1 2 3 4 5 6 7 8 9 10 Straight-Line dk BVk 950,000 Declining Balance dk BVk 950,000 MACRS dk BVk 950,000 Upload your table AND summary calculations to this assignment. You do not need to show EVERY calculation but you do need to include the equations you used to complete the table.

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

An existing asset that cost $16,000 twoyears ago has a market value of $12,000 today, anexpected salvage value of $2,000 at the end of itsremaining useful life of six more years, and annualoperating costs of $4,000. A new asset under consideration as a replacement has an initial cost of$10,000, an expected salvage value of $4,000 at theend of its economic life of three years, and annualoperating costs of $2,000. It is assumed that thisnew asset could be replaced by another one identical in every respect after three years at a salvagevalue of $4,000, if desired. Use a MARR of 11%,a six-year study period, and PW calculations todecide whether the existing asset should be replacedby the new one