(a) Calculate the depreciation expense for each of the first three years under the straight-line method and the double-diminishing- balance method, assuming the table was purchased early in the first month of the first year. (1) Straight-line method Year 1 $ Year 2 $ Year 3 $ (2) Double-diminishing balance method Year 1 $ Year 2 $ Year 3 $ e Textbook and Media Concord Corporation purchased a pardroom table for $16.000. The company planned to keep it for four years, after which it was expected to be sold for $2.000 Calculate the depreciation expense for each of the first three years under the straight-line method and the double diminishing balance method, assuming the table was purchased early in the first month of the first year, (1) Straight-line method. Year 1 $ Year 2 $ Year 3 $ (2) Double-diminishing balance method Year 1 $ Year 2 5