A company purchases an equipment for $75,000. The useful life of the equipment is 5 years, and it has no salvage value at-the-end of five-year period. The company uses straight-line depreciation method for financial reporting purposes and it uses accelerated method (double-declining method) for tax purposes.

1. Fill the depreciation table using straight-line method for financial reporting purposes

Year	Beginning book value	Depreciation	Ending book value
1
2
3
4
5

1. Fill the depreciation table using double-declining method for tax purposes. (Show your calculation like A/B=C or (A+B)/C=D etc.)

Year	Beginning book value	Depreciation	Ending book value
1
2
3
4
5