(Answered) Sandblasting equipment acquired at a cost of78000 had an

Accounting

Sandblasting equipment acquired at a cost of$78,000 had an estimated residual value of 5,000 and estimated useful Life of 5 years. It was placed in service on October 1 of the current fiscal year, which ends on December 31.

a. Determine the depreciation for the current fiscal year and for the following fiscal year by the straight-line method.

b. Determine the depreciation forthe current fiscal year by the double-declining-Balance method.

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