Techno Company purchases a $400,000 piece of equipment on January 2, 2001, for use in its manufacturing process. The equipment’s estimated useful life is 10 years with no salvage value. Techno uses 150% declining-balance depreciation for all its equipment. 1. Compute the depreciation expense for 2001, 2002, and 2003. 2. Compute the book value of the equipment on December 31, 2003.