Consider the following data on an asset: Cost of the asset, I Useful life, N Salvage value, S $300,000 6 years $ 60,000 Compute the annual depreciation allowances and the resulting book values, using a) (12 pts) The straight-line depreciation method. b) (13 pts) The double-declining-balance method (as always, you must ensure that the last book value is equal to the salvage value). Report your solutions for each method in the following format: n Bn-1 1 2 3 4 56 Dn Bn