answer in 10 minutes please

Question 8 [15 points) Weber Inc recently paid $130 000 for equipment with an estimated five year useful life and residual value of $10,000 By using the equipment in its operations for five years, the company expects to eam $53,000 annually, after deducting all expenses except depreciation Complete the following schedules assuming each of straight-line depreciation and double-declining- balance depreciation Round all amounts to the nearest dollar. For simplicity, assume the equipment is depreciated as an individual item and will not be broken into its parts and depreciated Straight-Line Depreciation 5-Year 2014 2015 2016 2017 2018 Totals Income before depreciation Depreciation expense Net income (oss) Double Declining Balance Depreciation 5-Year 2014 2015 2016 2017 2018 Totals Income before depreciation Depreciation expense Net income foss)