Determine the depreciation for the year of acquisition and for the following year of a fixed asset acquired on October 1 for $500,000 with an estimated life of 5 years, and residual value of $50,000, using: a. The double-declining-balance method. Assume a fiscal year ending December 31. Year of acquisition: Following year: X b. The straight-line method. Assume a fiscal year ending December 31. Year of acquisition: Following year: 90,000