Bonds Company purchased a new plant asset on April 1, 2015, at a cost of$355,500. It was estimated t

Bonds Company purchased a new plant asset on April 1, 2015, at a cost of$355,500. It was estimated to have a service life of 20 years and a salvagevalue of $30,000. Bonds’s accounting period is the calendar year.Instructions(a) Compute the depreciation for this asset for 2015 and 2016 using thestraight-line method.(b) Compute the depreciation for this asset for 2015 and 2016 using the sum of-the-years’-digitsmethod.(c) Compute the depreciation for this asset for 2015 and 2016 using thedouble-declining balance method.