Partial-YearDepreciation

Sandblasting equipment acquired at a cost of $40,000 has an estimatedresidual valueof $8,000 and an estimated useful life of eight years. It was placed into service on April 1 of the current fiscal year, which ends on December 31.

a. Determine the depreciation for the current fiscal year and for the following fiscal year bythe straight-line method.

	Depreciation
Year 1	$
Year 2	$

b. Determine the depreciation for the current fiscal year and for the following fiscal year by thedouble-declining-balance method.

	Depreciation
Year 1	$
Year 2	$