Exercise 1 (20 points) Equipment acquired on January 1, 2018 at a cost of $42.300, has an estimated useful life of 10 years. The salvage value is estimated to be $6,000 at the end of the asset's useful life Instructions Determine the depreciation expense for the first two years using: (a) the straight-line method. (b) the double-declining-balance method. Exercise 2 (16 points) Alvarado Company purchased a new machine for $210,000 on January 1, 2018. It is estimated that the machine will have a $20,000 salvage value at the end of its 4-year useful service life. The double-declining-balance method of depreciation will be used. Instructions Prepare a depreciation schedule which shows the annual depreciation expense on the machine for its 4-year life. Please use the following column headings