PER USUS 9.Sarah Company purchased an equipment on October 1 of the current year at a cost of $55.000 The equipment is expected to last 8 years and have a salvage value of $4,200. The company's annual accounting period ends on December 31. 1. Using the previous information, what is the depreciation expense for the current year, using the straight-line method? 2. And what is the depreciation expense for the current year, assuming the double-declining balance method is used? PER USUS 9.Sarah Company purchased an equipment on October 1 of the current year at a cost of $55.000 The equipment is expected to last 8 years and have a salvage value of $4,200. The company's annual accounting period ends on December 31. 1. Using the previous information, what is the depreciation expense for the current year, using the straight-line method? 2. And what is the depreciation expense for the current year, assuming the double-declining balance method is used