commandonvort seniontoontorprogress quipment acquired at a cost of 588,000 has an estimated residual value of $5,000 and an estimated useful life of 10 years. It was placed in service on Apr 1 of the current focal year, which ends on December 31 If necessary, round your answers to the nous cont Determine the depreciation for the current local year and for the following scal year by the straight line method Depreciation Yeart Yinar 2 b. Determine the depreciation for the current fiscal year and for the following fiscal year by the couble-declining balance method Depreciation Year 1 Year 2 Previous