Partial-Year Depreciation Equipment acquired at a cost of $64,000 has an estimated residual value of $4,000 and an estimated useful life of 10 years. It was placed in service on April 1 of the current fiscal year, which ends on December 31. If necessary, round your answers to the nearest cent. a. Determine the depreciation for the current fiscal year and for the following fiscal year by the straight-line method. Depreciation Year 1 Year 2 b. Determine the depreciation for the current fiscal year and for the following fiscal year by the double-declining-balance method. Depreciation Year 1 Year 2 Revision of Depreciation A building with a cost of $540,000 has an estimated residual value of $216,000, has an estimated useful life of 27 years, and is deprecated by the straight-line method. a. What is the amount or the annual depreciation? Do not round intermediate calculations. b. What is the book value at the end of the fifteenth year of use? c. If at the start of the sixteenth year it is estimated that the remaining He is 15 years and that the residual value is $150,000, what is the depreciation expense for each of the remaining 15 years