Film Makers Inc purchases equipment on January 1, Year 1, at a cost of $553,420 The asset is expected to have a service life of 12 years and a salvage value of $47 200 Compute the depreciation expense for year 1 and year 2, under the double declining method Note depending on how you order your calculations, you may have a slightly different answer. Choose the closest pattern of depreciation O a year 1 depreciation expense is $92,255, year 2 depreciation expense is $92,255 O b.year 1 depreciation expense is $92,255 year 2 depreciation expense is $76 876 O c. year 1 depreciation expense is $84,370, year 2 depreciation expense is $70 308 od year 1 depreciation expense is $46, 118 year 2 depreciation expense is $46 118 O e.year 1 depreciation expense is $84,370 year 2 depreciation expense is $84 370