2 problems i need some help with please! 1. Calculate the depreciation expense in the third year of the life of an asset having a $70,000 original cost, 10 percent estimated salvage value, and an eight-year estimated life, assuming each of the following depreciation methods: (a) Straight line (b) Double-Declining balance (c) Declining balance at a 150 percent rate (rather than a double rate) 2. A fixed asset that the Shores Corporation has owned for five years is sold for $14,000 cash. (a) If the current book value of the asset is $12,000, show in T-account format how this sale should be accounted for. (b) Assume this asset was being depreciated on a straight-line basis over 10 years and has a $1,000 salvage value. What did Shores originally pay for this asset (including installation costs)