Use the following to answer questions 1819 AD Enterprises purchased equipment for $130,000 on January 1, year 1. The equipment is expected to have a 8 year life, with a residual value of $15,000 at the end of its service life. 18. 3 Using the double-declining balance method, determine depreciation expense for year 2 . 19. \$ Using the straight-line method, determine book value at the end of year 2