Hightower Company acquired an asset on January 2, 20X1, at a cost of $154,000. The asset's useful life is four years and its salvage value is $52,000. Required: Compute the depreciation expense for each of the first two years, using the straight-line method, the double-declining-balance method, and the sum-of-the-years'-digits method. Complete this question by entering your answers in the tabs below. Straight Line Double Declining Balance Sum of the Years Digits Compute the depreciation expense for the first two years, using the straight-line method. STRAIGHT-LINE METHOD Year Acquisition Cost Salvage Value Useful Life Depreciation Accumulated Depreciation 1 2 years years Straight Line Double Declining Balance >