Partial year depreciation Equipment acquired at a cost of 350,000 has an estimated red volue of $1.000 and anotimated file of years. It was placed in service on May 1 of the current local year, which ends on December This information has been collected in the Microsoft Excel Online file Open the short perform the analysis and input you answers in the question below Open spreadsheet Determine the depreciation for the current fiscal year and for the following fiscal year by the straight line method. Round your answers to the nearest do Depreciation Year 15 7,000 X Year 2 3 4,666.6 X B. Datamine the depreciation for the current fiscal year and for the following fiscal year by the dotle dedining balance method. Do not round the double bedtining balance tatt Round your answer to the nearest dollar Depreciation Vart 3 Year 2 5 S