Partial year depreciation Equipment acquired at a cost of $83,000 has an estimated residual value of $5,000 and an estimated useful life of 8 years. It was placed in service on May 1 of the current facal year, which ends on December J1. This informabon has been collected in the Microsolt Excel Ontine file. Open the sprebdsheet, pertorm the required analyis, and ingut your anawers in the questions below Open spreadsheret a. Determine the depreciabon for the curnent fiscal year and for the following fiscal year by the straight-line mathod. glound your answers to the neareat doliae b. Determine the deprecation for the current fiscal year and for the foliowing liscal year by the souble dedining thatanor method, Do not round the double decining balance rate Aound your answers to the nearest dollac