Question Completion Status: Elijah buys a piece of equipment for $10,000. He expects to use this equipment for 5 years and then sell it for $2,500. If Elijah uses the double declining balance method for calculating depreciation expense, how much depreciation expense will he record in the first year? 1667 QUESTION 23 Elijah buys a piece of equipment for $10,000. He expects to use this equipment for 5 years and then sell it for $2,500, If Elijah uses the double declining balance method for calculating depreciation expense, how much depreciation expense will he record in the second year? 3333 QUESTION 24 Elijah buys a piece of equipment for $10,000. He expects to use this equipment for 5 years and then sell it for $2.500. If Elijah uses the double declining balance method for calculating depreciation expense, how much depreciation expense will he record in the third year? 2000 Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All An TU EPIC 10