1. a. Straight-Line Depreciation Schedule Original cost Calculation: (Cost - Residuar Value) Years = Yearly Depreciation b. Double-Declining-Balance Depreciation Schedule \begin{tabular}{ccc|} & \multicolumn{3}{c|}{} \\ Depreciation & AccumulatedDepreciation, & Book Value, \\ Expense & End of Year & End of Year \\ \hline Pr. 104A & & \\ \hline \end{tabular} PR 10-4A Depreciatior year, has an estimated useful life of five years and an ertimaliod sesikal value of The manager requested information regarding the eliect of aliernative methods sin the amount of depreciation expense each year. On the basis of the data presented to thes, manager, the double-declining-balance method was selected. In the first week of the fifth year, the equipment was sold for $135,000. Instructions 1. Determine the annual depreciation expense for each of the estimated five years of use, the accumulated depreciation at the end of each year, and the book value of the equipment at the end of each year by (a) the straight-line method and (b) the double-declining-balance method. The following columnar headings are suggested for each schedule: 2. Journalize the entry to record the sale. 3. Journalize the entry to record the sale, assuming that the equipment was sold for $88,750 instead of $135,000. Calculations: Since depreciation cannot cause book value to fall below residual value