Bridgeport Corp. purchased a boardroom table for $ 17,600. The company planned to keep it for four years, after which it was expected to be sold for $ 920.

(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		$