Lacey Designs, Inc. Purchased a printer for $22, 500 on 1/1/16. He printer has an estimated useful life of 4 years. The company believes it can probably sell the primer for $2, 500 at the end of its life. Lacey Designs, Inc. uses the double-declining balance method of depreciation. a. Prepare the journal entry required to record depreciation expense for each year. b. Prepare the T-account for Accumulated Depreciation. Post the entries from (a) to the T-account. c. Determine the balance in Accumulated Depreciation at the end of each year. d. Determine the asset's carrying value (book value) at the end of each year. e. Refer to the original data but now assume the asset was purchased on 81/16. Answer the following questions: i. What is the depreciation expense for the first year (2016)? ii. What is the balance in the Accumulated Depreciation account on 12/31/17