Question: =+EX 10-14 Partial-year depreciation obj. 2 a. First year, $2,000 Sandblasting equipment acquired at a cost of $85,000 has an estimated residual value of

=+EX 10-14 Partial-year depreciation obj. 2

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a. First year, $2,000 Sandblasting equipment acquired at a cost of $85,000 has an estimated residual value of $5,000 and an estimated useful life of 10 years. It was placed in service on October 1 of the current fiscal year, which ends on December 31. Determine the depreciation for the current fiscal year and for the following fiscal year by

(a) the straight-line method and

(b) the double-declining-balance method.

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