Anest for purchas e d 0 000 the end of a An asset for drilling was purchased and placed in service by a petroleum production company Its cost basis is $70,000, and it has an estimated MV of $10.000 estimated useful life of 10 years. Compute the depreciation amount in the second year and the BV at the end of the third year of life by each of these methods a. The SL method b. The 200% DB method with switchover to SL c. The GDS d. The ADS Click the icon to view the partial listing of depreciable assets used in business Click the icon to view the GDS Recovery Rates ) a. Using the St. method the depreciation amount in the second year is (Round to the nearest dollar) Anest for purchas e d 0 000 the end of a An asset for drilling was purchased and placed in service by a petroleum production company Its cost basis is $70,000, and it has an estimated MV of $10.000 estimated useful life of 10 years. Compute the depreciation amount in the second year and the BV at the end of the third year of life by each of these methods a. The SL method b. The 200% DB method with switchover to SL c. The GDS d. The ADS Click the icon to view the partial listing of depreciable assets used in business Click the icon to view the GDS Recovery Rates ) a. Using the St. method the depreciation amount in the second year is (Round to the nearest dollar)