financial accounting

Project Description:

1) a piece of equipment is purchased for $10,000, has a salvage value of $2,000, and an estimated useful life of 4 years. using the double-declining balance method, how much is depreciated per year for the next 2 years?
2) a piece of equipment is purchased for $10,000, has a salvage value of $2,000, and an estimated useful life of 4 years. using the straight-line depreciation method, how much is depreciated per year for the next 4 years?

can this be completed in 10 minuets, please?
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