Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 3 0.74 points Messer Company purchased equipment for $24,000. The company is considering whether to determine annual depreciation using the straight-line method or the declining-balance method at 150 percent of the straight-line rate. Messer expects to use the equipment for 10 years, at the end of which it will have an estimated salvage value of $4,000. Prepare a comparison of these two alternatives for the first two years Messer will own the equipment. Straight-line depreciation 150% declining-balance depreciation Answer is not complete. $ $ Year 1 2,000 3,000 Return to question Year 2 $ 2,000 C O +

Messer Company purchased equipment for $24,000. The company is considering whether to determine annual depreciation using the straight-line method or the declining-balance method at 150 percent of the straight-line rate. Messer expects to use the equipment for 10 years, at the end of which it will have an estimated salvage value of $4,000. Prepare a comparison of these two alternatives for the first two years Messer will own the equipment