Monty Corp purchased a boardroom table for $20.000. The company planned to keep it for four years, after which it was expected to be sold for $1,000 (a) Your answer is partially correct. Calculate the depreciation expense for each of the first three years under the straight-line method and the double-diminishing- balance method, assuming the table was purchased early in the first month of the first year. (1) Straight-line method Year 1 $ 4750 Year 2 4750 $ $ Year 3 4750 (2) Double-diminishing-balance method. Year 1 Year 2 $ $ $ Year 3 e Textbook and Media Assistance Used Save for Later Attempts: 1 of 15 used Submit