Recording Depreciation with a Change in Depreciation Method

Pier Exports purchases equipment on January $1$ at a cost of $$112,500.$ The company estimates that there will be no

salvage value and that the equipment will have a useful life of $10$ years. The company elects to use the double$-$

declining$-$balance method for the first three years, after which the company will change to the straight$-$line method of

depreciation for the equipment.

Required

a$.$ Compute annual depreciation expense for Year $1$ through Year $3.$

b$.$ Prepare the depreciation entry for the end of Year $4.$

Note: Round your final answers to the nearest whole number.

a$.$

b$.$