Partial-Year Depreciation Equipment acquired at a cost of $109,000 has an estimated residual value of $7,000 and an estimated wife of 10 years. It was IVICE on Aprile Current fiscal year, which ends on December 31 If necessary, round your answers to the nearest cent. Determine the depreciation for the current fiscal year and for the following fiscal year by the straight on method. Depreciation Year 1 Year 2 b. Determine the depreciation for the current fiscal year and for the following fiscal year by the technolante muthed, Depreciation Year 1 Year 2 WO Asset cost minus residual value equals depreciable cost. Book value is the set cost mus accumulated depreciation. It is used for only way the depreciation is prorated based on the number of months the assetisi service