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Calculate the unknown in the two situations: a. Depreciation in Year 2 is $4,800. The Double Declining balance method is used. The asset's life is

Calculate the unknown in the two situations:

a. Depreciation in Year 2 is $4,800. The Double Declining balance method is used. The asset's life is 4 years. What is the cost of the asset?

b. Depreciation in Year 3 is $5,000. The straight-line method is used and the asset has a life of 8 years. The salvage value is $4,000. What is the cost of the asset?

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