Start Again& Co. purchased a new piece of equipment for $240,000 on January 1, 2016. In addition to the purchase price of $240,000, the company also paid $10,000 to have the equipment delivered and S50,000 to have it installed. Start Again &Co. estimates the equipment to have a useful life of 4 years and that they will be able to sell it for $45,000 at the end of the fourth year. Based on the given information, please compute the depreciation expense for year 3 (2018) under 1) straight-line, 2) sum-of-the-years' digits, and 3) double- declining balance methods. 6