Equipment acquired at the beginning of the fiscal year at a cost of $360,000 has an estimated

Question:

Equipment acquired at the beginning of the fiscal year at a cost of $360,000 has an estimated residual value of $45,000 and an estimated useful life of 10 years. Determine the following:
(a) The amount of annual depreciation by the straight-line method and
(b) The amount of depreciation for the first and second years computed by the double-declining-balance method.