Depreciation: Straight-Line and Double Declining Balance A piece of heavy equipment acquired on January 1 at a cost of $81,000 has an estimated useful life of 25 years. Assuming that it will have no residual a. Determine the depreciation for each of the first 2 years ending December 31 by the straight-ahe method. Round your answer to the nearest cent if rounding is required. Depreciation First year Second year b. Determine the depreciation for each of the first 2 years ending December 31 by the double-decing balance method. Round your answer to the nearest cent if rounding is requires First year Second yea Depreciation