oblem 3 The pertinent information about a piece of construction equipment follows: Cost Estimated Useful Life Residual (Salvage) Value Placed in service $75,000 20 Years $10,000 7/1/2015 Compute the first two years depreciation using the Double-Declining Balance Year 1 $ Year 2 $ method 200,000 shares of $10 par common stock. The following amounts were distributed as dividends- Dividends Determine the dividends per share for both preferred and common stock for each year. Problem 4 National Furniture Company has 25,000 shares of cumulative preferred 2% stock, S75 par and Year 1 $25,000 Year 2 $88,000 Year 3 $95,500 Year 2 Year 3 Year 1 Cum. Preferred: Common