I could not find the part b .Anybody do that with the calculation and write an explanation? Thank you

4 Chem On August 3. Cinco Construction purchased special purpose equipment at a cost of 56,200,000. The use of the super estimated to be eight years, with an estimated residual value of $30,000 a. Compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the straight depreciation method (halfyear convention b. Compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the 200 percent declining balance method half-year convention with a switch to straight line when it will maximize depreciation expense c. Which of these two depreciation methods straight-line or double-declining balanceresus in the highest net income forca reporting purposes during the first two years of the equipment's use? 16.66 points BOGH Complete this question by entering your answers in the tabs below. References Required A Required B Required Compute the depreciation expense to be recognized eich Calendar year for tincial reporting purposes under the 200 percent declining-balance method (half-year convention) with a switch to straight line when it will maximize depreciation expert (Adjust year 9 depreciation, if necessary, so that the total depreciation expenses deprecate of the assetDort round intermediate calculations and round your full answers to the nearest whole tuber) Year 200% Declining Balance (Hal Year Convention $ 1 2 850.000 14B7500 4 5 6 Next >