1. Determine the annual depreciation expense for each of the estimated 5 years of use, the...

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1. Determine the annual depreciation expense for each of the estimated 5 years of use, the accumulated depreciation at the end of each year, and the book value of the equipment at the end of each year by (a) the straight-line method and (b) the double-declining-balance method. a. Straight-line method Additional Instruction Accumulated Depreciation, Year Depreciation Expense End of Year Book Value, End of Year 1 $142,000 $142,000 $658,000 2 142,000 284,000 516,000 3 142,000 426,000 374,000 4 142,000 568,000 232,000 5 142,000 710,000 90,000 Points: 15/15 b. Double-declining-balance method Accumulated Depreciation, Year Depreciation Expense End of Year Book Value, End of Year 1 $320,000 $320,000 $480,000 2 192,000 512,000 288,000 3 115,200 627,200 172,800 4 69,120 696,320 103,680 5 13,680 62,208 X 1. Determine the annual depreciation expense for each of the estimated 5 years of use, the accumulated depreciation at the end of each year, and the book value of the equipment at the end of each year by (a) the straight-line method and (b) the double-declining-balance method. a. Straight-line method Additional Instruction Accumulated Depreciation, Year Depreciation Expense End of Year Book Value, End of Year 1 $142,000 $142,000 $658,000 2 142,000 284,000 516,000 3 142,000 426,000 374,000 4 142,000 568,000 232,000 5 142,000 710,000 90,000 Points: 15/15 b. Double-declining-balance method Accumulated Depreciation, Year Depreciation Expense End of Year Book Value, End of Year 1 $320,000 $320,000 $480,000 2 192,000 512,000 288,000 3 115,200 627,200 172,800 4 69,120 696,320 103,680 5 13,680 62,208 X