On August 3, Cinco Construction purchased special-purpose equipment at a cost of $4,100,000. The useful life of the equipment was estimated to be eight years, with an estimated residual value of $80,000.

a. Compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the straight-line depreciation method (half-year convention).

b. Compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the 200 percent declining-balance method (half-year convention) with a switch to straight-line when it will maximize depreciation expense.

Complete this question by entering your answers in the tabs below. Required a Required B Required Compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the straight-line depreciation method (half-year convention). (Adjust year 9 depreciation, if necessary, so that the total depreciation expense equals depreciable value of the asset. Do not round intermediate calculations and round your final answers to the nearest whole number.) Show less Year Straight-Line (Half-Year Convention) 1 2 3 001 WN 4 5 6 7 8 9 Totals S 0 Complete this question by entering your answers in the tabs below. Required A Required B Required Compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the 200 percent declining-balance method (half-year convention) with a switch to straight-line when it will maximize depreciation expense. (Adjust year 9 depreciation, if necessary, so that the total depreciation expense equals depreciable value of the asset. Do not round intermediate calculations and round your final answers to the nearest whole number.) Show less Year 200% Declining- Balance (Half- Year Convention) 1 2 3 4 5 6 7 8 9 Totals S 0