Equipment purchased at the beginning of the fiscal year for $360,000 is expected to have a useful life of five years, or 14,000 operating hours, and a residual value of $10,000. Compute the depreciation for the first and second years of use by each of the following methods. a. Straight-line: First year Second year b. Units-of-activity (1,200 hours first year; 2,250 hours second year): First year Second year C. Double-declining balance: First year Second year Equipment purchased at the beginning of the fiscal year for $360,000 is expected to have a useful ife of five years, or 14,000 operating hours, and a residual value of $10,000 Compute the deprecation for the first and second years of use by each of the following methods a. Straight-line First year Second year b. Units of activity (1,200 hours first year; 2,250 hours second year) First year Second year c. Double-dedining balance tye second year Previous