A storage tank acquired at the beginning of the fiscal year at a cost of $97,200 has an estimated The estimated value of a fixed asset at the end of its useful life.residual value of $6,000 and an estimated useful life of 15 years.

a. Determine the amount of annual depreciation by the A method of depreciation that provides for equal periodic depreciation expense over the estimated life of a fixed asset.straight-line method. $

b. Determine the amount of depreciation for the first and second years computed by the A method of depreciation that provides periodic depreciation expense based on the declining book value of a fixed asset over its estimated life.double-declining-balance method. Do not round the double-declining balance rate. If required, round your answers to the nearest dollar.