The following information pertains to a company's property and equipment. Original cost of asset = Estimated residual value = $1,000 Estimated life 5 years $0 Depreciation expense in the first year =$400 Depreciation expense in the second year =$240 The depreciation method used by the firm is... 150% declining balance units of production method double declining balance (200\% declining balance) straight line The following information pertains to a company's property and equipment. Original cost of asset = Estimated residual value = $1,000 Estimated life 5 years $0 Depreciation expense in the first year =$400 Depreciation expense in the second year =$240 The depreciation method used by the firm is... 150% declining balance units of production method double declining balance (200\% declining balance) straight line