Ayayai Corp. purchased a boardroom table for $17,000. The company planned to keep it for four years, after which it was expected to be sold for $1,000.

Ayayai Corp. purchased a boardroom table for $17,000. 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 $ 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 $