1. [12 points] butors purchased equipment during 2018 with a recorded cost of $400,000. They expect to use the equipment for 8 cars and then dispose of it. The anticipated selling price at disposal is $10,000. Delta wants your advice on using sum of the years' digits versus double declining balance depreciation for this equipment. REQUIRED: ompute the appropriate depreciation amounts for the first two vears in this assets life and indicate the amount to be depreciated over the assets entire useful life.. Year Sum of the Years Digits Double Declining Balance 2018 2019 Total Depreciation over the life of the asset