CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Critical Thinking 10-05 a-c Pinson Company and Estes Company are two proprietorships that are similar in many respects. One difference is that Pinson Company uses the straight-line method and Estes Company uses the declining-balance method at double the straight-line rate. On January 2, 2018, both companies acquired the depreciable assets shown below. Asset Cost Salvage Value Useful Life Buildings $380,000 Equipment 121,000 $20,000 11,000 40 years 10 years Including the appropriate depreciation charges, annual net income for the companies in the years 2018, 2019, and 2020 and total income for the 3 years were as follows. 2018 Pinson Company Estes Company 60,000 2019 2020 Total $80,000 $84,400 $86,000 $250,400 68,000 77,000 205,000 At December 31, 2020, the balance sheets of the two companies are similar except that Estes Company has more cash than Pinson Company. Lynda Peace is interested in buying one of the companies. She comes to you for advice. Answer the following. udy Your answer is incorrect. Try again. Determine the annual depreciation recorded by each company during the 3 years. (Round answers to 0 decimal places, e.g. 2,125.)