Question

Rembrandt Company acquired a plant asset at the beginning ofYear 1. The asset has an estimated service life of 5 years. Anemployee has prepared depreciation schedules for this asset usingthree different methods to compare the results of using one methodwith the results of using other methods. You are to assume that thefollowing schedules have been correctly prepared for this assetusing (1) the straight-line method, (2) thesum-of-the-years'-digits method, and (3) thedouble-declining-balance method.

Year		Straight-Line				Sum-of-the- Years'-Digits				Double-Declining- Balance
1			$15,210				$25,350				$33,800
2			15,210				20,280				20,280
3			15,210				15,210				12,168
4			15,210				10,140				7,301
5			15,210				5,070				2,501
Total			$76,050				$76,050				$76,050

What is the cost of the asset being depreciated?

What amount, if any, was used in the depreciation calculationsfor the salvage value for this asset