Question: depreciation by two methods a storage tank acquired at the beginning of the fiscal year at a cost of $75,600 has an estimated residual value

depreciation by two methods a storage tank acquired at the beginning of the fiscal year at a cost of $75,600 has an estimated residual value of $4,500 and an estimated useful life of 3 years.

A. determine the amount of annual depreciation by the straight-line method $_ B. determine the amount of depreciation for the first and second years computed by the double declining balance method. Do not round the double declining balance rate. If required, round your answers to the nearest dollar. year 1- year 2-

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