TILL Luntral Authentication Service Unemployment Insurance Benefits Online eBook 4 Show Me How Print Item Depreciation by Two Methods A storage tank acquired at the beginning of the fiscal year at a cost of $85,000 has an estimated residual value of $5,000 and an estimated useful life of 25 years. a. Determine the amount of annual depreciation by the straight-line method. b. Determine the amount of depreciation for the first and second years computed by the double-declining balance method. De not round the double-declining balance rate. If required, round your answers to the nearest dollar. Depreciation Year 1 Year 2 $