Depreciation by Two Methods; Sale of Fixed Asset New lithographic equipment, acquired at a cost of $562,500 on March 1 at the beginning of a fiscal year, has an estimated useful life of five years and an e value of $48,400. The manager requested information regarding the effect of alternative methods on the amount of depreciation expense each year. On the presented to the manager, the double-declining-balance method was selected. In the first week of the fifth year, on March 4, the equipment was sold for $82,400. Required: 1. Determine the annual depreciation expense for each of the estimated five years of use, the accumulated depreciation at the end of each year, and the b equipment at the end of each year by the following methods: a. Straight-line method Year Depreciation Expense $ 102,860 $ 102,860 Nm+ in Accumulated Depreciation, End of Year $ 102,860 $ 205,720 $ 308,580 $ 411,440 Book Value, End of Year $ 459,640 $ 356,780 $ 253,920 $ 151,060 $ 48,400 $ 102,860 $ 102,860 $ 102,860 $ 514,300 b. Double-declining-balance method Depreciation Expense Accumulated Depreciation, End of Year Book Value, End of Year Year