Partial-Year Depreciation: Straight-Line and Double Declining Balance Sandblasting equipment acquired at a cost of $59,000 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, 2015. a. Determine the depreciation for 2015 and for 2016 by the straight-line method. Round your answer to the nearest cent if rounding is required. Depreciation 2015 2016 b. Determine the depreciation for 2015 and for 2016 by the double declining balance method. Round your answer to the nearest cent if rounding is required. 2015 2016 Depreciation