It is highly important to show all the calculation steps. Question 1:1 Compute the annual depreciation amounts using the double-declining balance method for the following: First Cost 35000 Useful Life = 5 years, Estimated Salvage Value = 3000 In addition to the depreciation, you need to calculate the BV values for all years. If BV, is greater than S, please apply the switching rule and adjust the depreciation amounts. The answers for D and BV should be reported in the table. Besides, all the answers reported in the table should be supported by the calculations (for each year). If the calculations are not provided to support the values reported in the table, the answer will be considered as wrong, and points will be deducted. Solution: