Consider the following data on an asset: Cost of the asset, 1 Useful life, N Salvage value, s $235,000 5 years $60,000 Compute the annual depreciation allowances and the resulting book values. (a) Use the straight-line depreciation method. Fill in the table below. (Round to the nearest dollar.) D n 1 $ 2 $ B. S S $ $ $ 3 $ 4 $ 5 $ (b) Use the double-declining-balance method. Fill in the table below. (Round to the nearest dollar.) n DO 1 $ $ 2 3 $ $ $ $ $ $ 4 5