I necessary, and the rest Der Partial-Year Depreciation Equipment acquired at a cost of $108,000 has an estimated residual value of $6,000 and an estimated useful life of 10 years. It was placed into service If necessary, round your answers to the nearest cent. a. Determine the depreciation for the current fiscal year and for the following fiscal year by the straight-line method. Depreciation Year 1 Year 2 b. Determine the depreciation for the current fiscal year and for the following fiscal year by the double-declining balance method. Depreciation Year 1 Year 2 eBook Show Me How Printem Depreciation by Two Methods A storage tank acquired at the beginning of the fiscal year at a cost of 895,000 has an estimated residus value of $5.500 and an estimated that the offee ears. a. Determine the amount of annual depreciation by the the method b. Determine the amount of depreciation for the first and second years computed by the double decining balance method. Do not round the doutie declining hulance rate. If required Depreciation Year 1 Year 2 Asset cost minus susidual value quals depreciable contrahtine depreciation allocate the depreciable cost of the over the