On April 1, Year 1, SAS Corp. purchased and placed in service a plant asset. The

following information is available regarding the plant asset

Acquisition cost..........................................$130,000

Estimates salvage value..........................$15,000

Estimated useful years.............................5 years

Make the necessary adjusting journal entries at December 31, Year 1, and December 31,

Year 2 to record depreciation for each year under the following depreciation methods:

a. Straight-line.

b. Double-declining-balance.