Question: please help solve Depreciation by Two Methods, Partial Years Knife Edge Company purchased tool sharpening equipment on July 1, 2045, for $16,200. The equipment was

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Depreciation by Two Methods, Partial Years Knife Edge Company purchased tool sharpening equipment on July 1, 2045, for $16,200. The equipment was expected to have a useful life of three years and a residual value of $900. Instructions: a. Determine the amount of depreciation expense for the years ended December 31, 2045, 206, 2077 and 2018 by the straight-line method. Depreciation Expense 2015 2016 2017 2018 b. Determine the amount of depreciation expense for the years ended December 31, 2015, 2016, 2017 and 2018 by the double-declining balance method. Round the double-declining balance depreciation rate to six decimal places and round your final answers to the nearest whole dollar Depreciation Expense 2015 2016 JILI 2017 2018

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