Help me please. I already tried this and it was wrong but I don't know what I did wrong: Depreciable base = 107000-6000 i.e 101000 Annual Depreciation = 101000/5 i.e 20200 Depreciation Rate = 20% Depreciation for the first year = 101000*2*20% i.e 40400 Depreciation for the second year = (101000-40400)*20%*2 i.e 24240 HOW IS THAT WRONG.

Hint(s) Check My Work eBook Partial-Year Depreciation Sandblasting equipment acquired at a cost of $107,000 has an estimated residual value of $6,000 and an estimated useful life of 5 years. It was placed in service on April 1 of the current fiscal year, which ends on December 31, 20YS a. Determine the depreciation for 20YS and for 20Y6 by the straight-line method Depreciation 20YS 15150 15150 s 20200| b. Determine the deprecaion for 20YS and for 20Y6 by the double-declining-balance method. Round your answer to the nearest cent if rounding is required. Depreciation 20Y6 Hide Feedback Partially Correct Check My work Feedb a. Asset cost minus residual value equals depreciable cost. Divide depreciable cost by estimated useful life. Note when the asset was purchased and adjust for any partial year amount. b. Remaining book value x (2 x straight-line rate). Book value is the asset cost minus accumulated depreciation. In the first year, the accumulated depreciation account is zero. Set up T account for accumulated depreciation. Note when the asset was purchased and adust for any partial year amount. Hint(s) Check My Work