17 1 pts An asset has a cost of $68,116 and an estimated salvage value of $5000. If the company uses double declining balance depreciation method, and the asset is estimated to have a four year life, what is the amount of depreciation expense in year four of the asset's life? Question 18 1 pts During 2012, Noller Co. sold equipment that had cost $296,163 for $176,240. This resulted in a gain of $12,900. The balance in Accumulated Depreciation-Equipment was $975,000 on January 1, 2012, and $930,000 on December 31. No other equipment was disposed of during 2012. Depreciation expense for 2012 was