Value-Home Ltd is a construction company that recently purchased two types of equipment. Each equipment type is used in a different part of a current project operation. The management has decided to use two different depreciation methods to determine depreciation charges. The data on each equipment type is summarised below:

	Equipment 1	Equipment 2
Purchase date	1 July 2018	1 Oct 2018
Purchase Price	$93,000	$25,500
Installation Costs	2,400	2,000
Residual Value	$10,000	$5,500
Useful life	8 years	4 years
Depreciation method	Diminishing Balance	Sum of the year digit

Required (show all workings):

Assuming that Value-Home Ltd.s end of financial year is 31 December, calculate the depreciation charges for 2019 for each equipment type.

(10 marks)