View Policies Current Attempt in Progress On January 1, 2016, Nicholas Company purchased Office Equipment for $ 279,000 with an estimated useful life of 10 years or 325.000 hours and a residual value of $ 19.000. Compute the annual depreciation at the end of 2018, the 3rd year, under each of the following depreciation method for Nicholas Company 1) Straight-Line Method 2) Units of Production Method assume that a total of 70,000 hours were used in 2018 3 Double Declining Balance Method Using the Straight-Line Depreciation Method, calculate the amount of depreciation taken in 2018. (Round answers to 2 decimal places. Do not use dollar signs ($) when entering amounts. To see commo-formatted numbers reflected in your final answers, you must enter your answers with commas) Ques Using the Straight-Line Depreciation Method, calculate the amount of depreciation taken in 2018. (Round answers to 2 decimal places. Do not use dollar signs (5) when entering amounts To set comma formatted numbers reflected in your final answers, you must enter your answers with commos) Annual Depreciation $ per year Depreciation In 2018