On August 3, Cinco Construction purchased special-purpose equipment at a cost of $4,974,600. The useful life of the equipment was estimated to be 8 years, with an estimated residual value of $46,560.

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a.

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.)

Year	Straight- Line (Half Year Convention)
1
2
3
4
5
6
7
8
9
Totals	$

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.)

Year	200% Declining Balance (Half-year convention)
1
2
3
4
5
6
7
8
9
Totals	$