Solution:

(i) Straight line method:

Therefore, the book value using straight line method is .

(ii) Sum of years digits method:

Determine the depreciation value:

Determine the book value:

Similarly calculate for other values.

Tabulate the following:

 No.
Depreciation Book
of
value ($) value ($)
years
1 2181.82 12818.18
2 1963.64 10854.55
3 1745.45 9109.09
4 1527.27 7581.82
5 1309.09 6272.73
6 1090.91 5181.82
7 872.73 4309.09
8 654.55 3654.55
9 436.36 3218.18
10 218.18 3000.00

Therefore, the book value using sum of year’s digits method is .

(iii) Sinking fund method:

Determine the depreciation value:

Determine the book value:

Similarly calculate for other values.

Tabulate the following:

No.
Depreciation Book value
of
value ($) ($)
years
1 752.95 14247.06
2 828.24 13418.82
3 911.06 12507.75
4 1002.17 11505.58
5 1102.39 10403.20
6 1212.63 9190.57
7 1333.89 7856.68
8 1467.28 6389.41
9 1614.00 4775.40
10 1775.40 3000.00

Therefore, the book value using sinking fund method is .