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Partial-year depreciation Equipment acquired at a cost of $65,000 has an estimated residual value of...

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Accounting

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Partial-year depreciation Equipment acquired at a cost of $65,000 has an estimated residual value of $4,000 and an estimated useful life of 3 years. It was placed in service on May 1 of the current fiscal year, which ends on December 31. This information has been collected in the Microsoft Excel alineneOpen the spreadsheet, perform the required analysis, and input your answers in the questions below HE Open spreadsheet 2. Determine the depreciation for the current fiscal year and for the following scal year by the sticht line method. Mound your answers to the nearest collar Depreciation Year! $ Year 2 5 b. Determine the depreciation for the current fiscal year and for the flowing fiscal year by the double-declining balance method. Do not found the double-declining balance rate. Round your answers to the nearest dollar Depreciation Year 1 3 Year 2 5

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