The Riverside Company purchased equipment with a list price of $70 on January 1, 2015. Sales tax on the equipment amounted to $5; Riverside paid $10 to ship it to its factory; and the firm paid $15 to install it. Riverside depreciates the equipment over four years and the equipment has no salvage value.

Required:

Complete the following table assuming Riverside depreciates the equipment on a straight-line basis.

Income Statements:	2015	2016
Depreciation expense
Balance Sheets:	12/31/15	12/31/16
Equipment, cost
Less: accumulated depreciation
Equipment, net

Complete the following table assuming Riverside depreciates the equipment using the double-declining balance method.

Income Statements:	2015	2016
Depreciation expense
Balance Sheets:	12/31/15	12/31/16
Equipment, cost
Less: accumulated depreciation
Equipment, net