Partial-year depreciation Equipment acquired at a cost of $57,000 has an estimated residual value of $3,000 and an estimated useful life of 10 years. It was placed in service on October 1 of the current fiscal year, which ends on December 31. When required, round your answers to two decimal places. a. Determine the depreciation for the current fiscal year and for the following fiscal year by the straight-line method. Year 1 Year 2 Year 1 Depreciation b. Determine the depreciation for the current fiscal year and for the following fiscal year by the double-declining-balance method. Year 2 $ Depreciation $

Partbal-year derpredation Equlpment acquired at a cost of \$57,000 has an estimated residual value of \$3,000 and an estimated usefut life of 10 years. It war placed in secrice on October 1 of the current fiscail vear, which ends on December 31. When required, round your answers to two decimal places. a. Determine the deprecution for the current fiscal year and for the following fiscal year by the straiche-ane method. b. Determine the depreciation for the cutrent fiscal vear and for the following fiscal year by the doctie decining-balance inethiod