PART B. Please show your work, clearly and neatly, otherwise credit answers are correct. There are no exceptions, please will not be given-even i revealed the following information about one of its plant assets 1) A company's property records e Depreciation Method Cost Salvage Value Purchase Date Estimated Life 7 years Straight-line 0/01 $30.00 $450,000 asset in Year 1 and Year 2 for the year ended December 31. Calculate the depreciation expense for the Year 2 Year 1 g your work belov 2) A company's property records revealed the following information about one of its plant assets Salvage Purchase Date Estimated Life Depreciation Method Double-declining balance Cost Value 154,00 10 years 15,00001/01 Calculate the depreciation expense in Year 1 and Year 2 for the year ended December 31. Year 2 Year 1 Calculate the Book Value in Year I and Year 2 for the year ended December 31 Year 1 Year 2