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JWill Enterprises purchased a depreciable asset for $32,000 on January 1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the asset's salvage value is $7,000, what will be the amount of accumulated depreciation on this asset on December 31, Year 4? $25,000 O $32,000 O $7,000 O $7,500 Teppy Enterprises purchased a depreciable asset on January 1, Year 1 at a cost of $100,000. The asset is expected to have a salvage value of $15,000 at the end of its five-year useful life. If the asset is depreciated on the double-declining-balance method, the depreciation expense for the third year will be: O $9,500 O $60,000 $14,400 O $24,000