Equipment was purchased for the cost of $76,850. The equipment was purchased on March 1. The company's fiscal year end is September 30. The equipment is estimated to have a five-year life and a $6,650 residual value. The double diminishing balance method is used is used to depreciate the asset. 1. Depreciation expense for the current year (nearest dollar without comma eg. 15000) 2 Depreciation expense for the next year (nearest dollar without comma, e.g. 15000) 3 Equipment's carrying amount, next year ending balance sheet (nearest dollar without comma, eg. 15000)