1. Computer equipment was acquired at the beginning of year-1 at a cost of $67,000 that has an estimated residual value of $9,000 and an estimated useful life of 5 years (20 points) a. Determine the 1st and 2nd year's depreciation expense, and accounts balances reported in balance sheets using the straight-line method (10 points). Depreciation Expense: Year 1: Year 2: _ Account Balances reported in Balance Sheet Balance Sheets 12/31/Yr 1 12/31/Yr 2 Equipment Accumulated Depreciation Net Book Value of Equipment b. Determine the 1st and 2nd year's depreciation expense, and accounts balances reported in the balance sheets using double-declining-balance method. (10 points) Depreciation Expense: Year 1: Year 2: Account Balances reported in Balance Sheet Balance Sheets 12/31/Yr 1 12/31/Yr 2 Equipment Accumulated Depreciation Net Book Value of Equipment