Equipment with a useful life of five years was purchased by Elizabeth, Inc., on January 1, 20X1, for $140,000. Residual value is estimated to be $10,000. Compute annual depreciation expense relating to this equipment for the next five years, using the following methods: a. Straight-line b. Double-declining-balance Enter the straight line depreciation amount for year 3. Enter your answer as a number with no additional symbols or punctuation e.g. 5000 Enter the DDB depreciation amount for year 3. Enter your answer as a number with no additional symbols or punctuation e.g. 5000