(15 Points) Equipment purchased at the beginning of the fiscal year for $360,000 is expected to have a useful life of 5 years, or 14,000 operating hours, and a residual value of $10,000. REQUIRED: (1) Compute the depreciation for the first and second years of use by each of the following methods (a) straight-line (b) units-of-output (1,200 hours first year; 2,250 hours second year) (c) double-declining-balance