Consider the following data on an asset:

Compute the annual depreciation allowances and the resulting book values, using the following

methods:

$($a$)$ The straight$-$line depreciation method

$($b$)$ The declining$-$balance methodConsider the following data on an asset:

Cost of the asset, I $$130,000$

Useful life, N $5$ years

Salvage value, S $$20,000$

without using excel please, and please if you can show steps, thank you