1. Two firms purchase an identical piece of equipment for $2,500 at the beginning of year 1. The equipment has an estimated useful life of 4 years and estimated residual value of $100. Firm 1 chooses to depreciate the asset straight-line while Firm 2 uses the double-declining balance method. a. Prepare a depreciation schedule for each of the two firms. Year Be ginning Book Depreciation Ending Book Value Accumulated Value ion Ending Book Value Year Beginning Bo Depreciation Accumulated ciation Value b. Additional information about the two firms is provided in the template below. Complete the template and compare the trend in net profit margins for the two firms over the four years. Assume the tax rate for both firms is 30%