Which of these two depreciation methods (straight-line or double-declining-balance) results in the highest net income for financial reporting purposes during the first two years of the equipment?s use?

^This is question 3.

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On August 3, Cinco Construction purchased special-purpose equipment at a cost of $4,974 useful life of the equipment was estimated to be 8 years, with an estimated residual value o a Compute the depreciation expense to be recognized each calendar year for financial rep . purposes under the straight-line depreciation method (half-year convention). (Adjust ye depreciation, if necessary, so that the total depreciation expense equals depreciab the asset. Do not round intermediate calculations and round your final answers to whole number.) Year 1 2 3 4 5 6 7 8 9 Totals Straight- Line (Half Year Convention) $ Compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the 200 percent declining-balance method (half-year convention) with a switch to straight-line when it will maximize depreciation expense. (Adjust year 9 depreciation, if necessary, so that the total depreciation expense equals depreciable value of the asset. Do not round intermediate calculations and round your final answers to the nearest whole number.) Year 1 2 3 4 5 6 7 8 9 Totals 200% Declining-Balance (Half Year Convention