7 1 shift tab Zoom Lecture Links for Chapters and Dis Chapter 09 Homework caps lock control a. Straight-line method Depreciation Expense 148,520 $ 148,520 5 148,520 $ 148,520 $ 148,520 b. Double-declining-balance method Year 1 2 :3 Depreciation by two methods; sale of fixed asset New tire retreading equipment, acquired at a cost of $812,500 on September 1 at the beginning of a fiscal year, has an estimated useful life of 5 years and an estimated residual value of $69,900. The manager requested information regarding the effect of alternative methods on the amount of depreciation expense each year. On the basis of the data presented to the manager, the double-declining-balance method was selected. In the first week of the fifth year, on September 6, the equipment was sold for $119,000, Required: 5 1. Determine the annual depreciation expense for each of the estimated 5 years of use, the accumulated depreciation at the end of each year, and the book value of the equipment at the end of each ye