Question $1$

Computer equipment was acquired at the beginning of the year $2024$ at a cost of $$63,000$ that has an estimated residual value of $$3,000$ and an estimated useful life of $5$ years.

Determine the $($a$)$ double$-$declining$-$balance rate, and $($b$)$ double$-$declining$-$balance depreciation for year $1$ and $2.$