estion 15 wered arked out of 00 Flag estion Equipment was purchased for the cost of $75,860. The equipment was purchased on February 1, Year 1. The company's fiscal year end is November 30. The equipment is estimated to have a four-year life and a $6,550 residual value. The double diminishing balance method is used is used to depreciate the asset. Using the information above, calculate the following: Depreciation expense for Year 1 (nearest dollar without comma, e.g. 15000): 1. 2. Depreciation expense for Year 2 (nearest dollar without comma, eg. 15000) 3. Equipment's carrying amount on the Year 2 ending balance sheet (nearest dollar without comma, eg. 15000)