Chapter 9 Homework Note: All homework assignments must be submitted through the Blackboard course site. Chapter 9 Question 2: (1 point) Equipment acquired at the beginning of the year at a cost of $175,000 has an estimated residual value of $12,000, and an estimated useful life of 10 years. Required: Determine the depreciation for the first year using the double-declining balance method. Omit $ signs