4 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. A. Calculate the depreciation for the first year of the asset's life using the units of activity method. Assume 1.200 hours of output in the first year Year 1 Depreciation type your answer. B. Calculate and record depreciation for the first and second years of life using the double-declining balance method. Year 1 Depreciation type your answer Year 2 Depreciation type your answer.