1. On January 1, 2009 Tastee Ice Cream Co. purchased equipment costing $140,000, with an estimated life of 5 years and an estimated salvage value of $20,000. Compute the depreciation expense Tastee would recognize on this equipment in 2009 and 2010 by using both straight line depreciation and 200% declining balance depreciation methods. (20 pts)

2009 2010

a Straight-line $________ $________

b 200%-declining-balance $________ $________