Starting questions 1. Determine the annual depreciation expense for each of the estimated five years of use, the accumulated depreciation at the end of each year, and the book value of the equipment at the end of each year by (a) the straight-line method and (b) the double-declining-balance method a. Straight-line method Accumulated Depreciation, Book Value, End of Year End of Year Depreciation Expense Year 3. 4. 2. b. Double-declining-balance method Accumulated Depreciation, Year Depreciation Expense End of Year Book Value, End of Year 1. 2. 3. 4, entMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false ok Calculator preciation by two methods; sale of fixed asset Chart of Accounts Starting questions Journal Instructions Instructions New lithographic equipment, acquired at a cost of $800,000 on March 1 of Year 1 (beginning of the fiscal year), has an estimated useful life of five years and an estimated residual value of $90,000. The manager requested information regarding the effect of alternative methods on the amount of depreciation expense each year. On March 4 of Year 5, the equipment was sold for S135,000. Required: 1. Determine the annual depreciation expense for eacn of the estimated fe yeers of use the accumulated depreciation at the end of each year, and the pook value of the equipment at the end of each year by (a) the straghtine metnoa and (0) the double-declining-balance method 2 Journalize the entry to record the sale essuming that the maneger chose ne double-decining-balance method 3 Journaize the entry to record the sale in (2) assuming that the equipment was sold for $88 750 instead of $195 000