Answer each of the following questions. 1. A plant asset purchased for $975,000 has an estimated life of 10 years and a residual value of $48,750. Depreciation for the second year of use, determined by the double-declining-balance method is $ 2. A plant asset purchased for $858,000 at the beginning of the year has an estimated life of 5 years and a residual value of $78,000. Depreciation for the third year, determined by the sum-of-the-years'-digits method is $ 3. A plant asset with a cost of $1,053,000, estimated life of 5 years, and residual value of $175,500, is depreciated by the straight-line method. This asset is sold for $741,000 at the end of the second year of use. The on the disposal is $