On April 1, Year 1, SAS Corp. purchased and placed in service a plant asset. The following information is available regarding the plant asset:

Acquisition cost……………………..$130,000

Estimated salvage value…………….$15,000

Estimated useful life………………...5 years

Make the necessary adjusting journal entries at December 31, Year I, and December 31, Year 2 to record depreciation for each year under the following depreciation methods:

a. Straight-line.

b. Double-declining-balance.