Partial-Year Depreciation Equipment acquired at a cost of $102,000 has an estimated residual value of $6,000 and an estimated useful life of 10 years. it was placed into service an April 1 of the current fiscal year, which ends on December 31 , If necessary, round your answers to the nearest cent. 3. Determine the depreciation for the current fiscal year and for the following fiscal year by the straight-line method. b. Determine the depredation for the current fiscal year and for the following fiscal year by the double-declinisg-balancie methoif. Asset cost minus residual value equals depreciable colt. Book value is the asset cost minus accumutated depretation, if as asset is ubeit for anl. * gheck Mr wark part of a year, the depreciation is prorated basod on the nember of months the asset is in servich