gageNOW2 | Online teachin x takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator &inprogress=false eBook Show Me How Print Item Double-Declining-Balance Depreciation A building acquired at the beginning of the year at a cost of $72,400 has an estimated residual value of $2,900 and an estimated useful life of four years. Determine the following. (a) The double-declining-balance rate (b) The double-declining-balance depreciation for the first year % ageNOWV2 | Online teach x + akeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator &inprogress=false eBook Show Me How Print Bom Depreciation by Two Methods A storage tank acquired at the beginning of the fiscal year at a cost of $95,000 has an estimated residual value of $6,000 and an estimated useful life of 10 years. a. Determine the amount of annual depreciation by the straight-line method. b. Determine the amount of depreciation for the first and second years computed by the double-declining-balance method. Do not round the double- declining balance rate. If required, bund your answers to the nearest dollar. Depreciation Year 1 S Year 2