2.17. The Lazy O Ranch just purchased equipment costing $60,000. The equipment is expected to last five years and have no salvage value. (a) Calculate the depreciation expense using the straight-line method for the first two years the equipment is owned. (b) Calculate the depreciation expense using the double-declining balance method for the first two years the equipment is owned. a. Calculate the depreciation expense using the straight-line method for the equipment. b. Calculate the depreciation expense using the double-declining balance method for the first year the equipment was owned I c. Calculate the depreciation expense using the double-declining balance method for the second year the equipment was owned