PROBLEM 2 8 pointsed equipment costing ae of On January 2, 2014, Apollo purchased equipment costing $40,000, with an estimated life of 5 years, and a salvage value of $4,000. Compute the depreciation expense Apollo would recognize on this equipment for the first two years using the Double Declining Balance Method (200% declining balance method) Year 1 (2014) $ Year 2 (2015) $