many respects. One d... 1 answer below Broadening Your Perspective 9-5 Pinson Company and Estes Company are two proprietorships that are similar in many respects. One difference is that Pinson Company uses the straight-line method and Estes Company uses the declining-balance method at double the straight-line rate. On January 2, 2015, both companies acquired the depreciable assets shown below. Asset Cost Salvage Value Useful Life Buildings $300,000 Equipment 141,000 $20,000 11,000 40 years 10 years Including the appropriate depreciation charges, annual net income for the companies in the years 2015, 2016, and 2017 and total income for the 3 years were as follows. 2015 Pinson Company $90,000 Estes Company 2017 Total $280,400 2016 $94,400 $96,000 65,000 73,000 82,000 220,000 At December 31, 2017, the balance sheets of the two companies are similar except that Estes Company has more cash than Pinson Company Lynda Peace is interested in buying one of the companies. She comes to you for advice. Answer the following. Determine the annual depreciation recorded by each company during the 3 years. (Round answers to 0 decimal places, e.g. 2,125.) Pinson Company Estes Company 2015 S 2016 $ 2017 $ Type here to search S $ B 8 F