Calculating Depreciation The Miller Company purchased a new headquarters building on January 1 at a cost of $40 million. The building is expected to last 20 years, at which time its residual value is expected to be $5 million. Required Calculate the depreciation expense for each of the first three years on the new headquarters building using each of the following methods: Enter answers in millions, rounding to two decimal places. For example, $3,750,000 equals $3.75 million. Year 1 Year 2 Year 3 1. Straight-line million $ million $ million 2. Double-declining balance $ million $ million $ million Does the choice of depreciation method impact a firm's cash flow from operations