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Ayayai Corp. purchased a boardroom table for $15,000. The company planned to keep it for four years, after which it was expected to be sold

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Ayayai Corp. purchased a boardroom table for $15,000. The company planned to keep it for four years, after which it was expected to be sold for $1.000. (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 $

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