Problem Solving 1-On January 1, 2012, Zain Co purchased equipment for $650,000. Matrix expected a residual value $50,000, and a service life of 5 years. Zain Couses the double-declining-balance method to depreciate this type of asset. During 2014, the company switched from double-declining balance to straight-line depreciation. The residual value remained at $50,000. Required Compute the amount of depreciation to be recorded at the end of 2014? Please write your answer in the box below