please show work on how to find double declining balance method

eBook Calculator Show Me How Depreciation by Two Methods A storage tank acquired at the beginning of the fiscal year at a cost of $108,000 has an estimated residual value of $6,500 and an estimated useful life of 5 years. a. Determine the amount of annual depreciation by the straight-line method. 20,300 b. Determine the amount of depreciation for the first and second years computed by the double-declining balance method. Do not round the double-declining balance rate. If required, round your answers to the nearest dollar, Depreciation Year 1 Year 2