Question: Please answer the below question. Recording Depreciation with a Change in Depreciation Method Pier Exports purchases equipment an january 1 ac a cost of $112,500.

Please answer the below question.

Recording Depreciation with a Change in Depreciation Method Pier Exports purchases equipment an january 1 ac a cost of $112,500. The company estimates that there will be no salvage value and that the equipment wilf hove a useful life of 10 ycars. The campany elects to use the double-decliningbalance mechod for the first three years, after which the company will change zo the streight: line method of deprecistion for the equipment. Required 3. Compute arinust depreciation expense for Year 1 through Year 3. b. Prepore the depreciation entry for the end of Year 4. Note: Round your finsl answers to the nearest whole number

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