Fernandez Farms purchased some equipment on January $1,20$X$0$ for $$8,800.$ The

equipment has an estimated useful life of $5$ years and an estimated residual value of $$400.$

The company uses double$-$declining balance amortization.

$-$Calculate the depreciation expense for $20$X$0$

$-$What is the carrying value on January $1,20$X$2$

An asset that cost $$13,200$ with a residual value of $$1,200$ and a useful life of $10$

years was amortized for three years using the straight$-$line method. In the fourth

year, residual value was estimated to be $$1,000$ and the remaining useful life, $8$

years. Depreciation in the fourth year would be: