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seven years $($or $50,000,000$ items scanned$)$ and an expected residual value of $$6,800.$

Required:

Determine the amount of depreciation expense for the first and second years of the system's life using the:

a$.$ Straight$-$line method. Round your answer to the nearest whole dollar, and use the rounded amount for subsequent calculations.

Depreciation expense: $ p$$ year

b$.$ Double$-$declining$-$balance method: $($Round your answers to the nearest whole dollar and do not round intermediate calculations.$)$

Depreciation Expense

Year $1$

$

Year $2$

$

Depreciation Expense

Year $1$

$

Year $2$

$3.$ Compute the book values for all three depreciation methods as of the end of the first and second years of the system's life.

Year $1$

Year $2$

Straight$-$line method

$

Double$-$declining$-$balance method

$

Units$-$of$-$production method

$

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