Use the Dynamic Exhibit to answer the following questions.1. Fill in depreciation expense in year 3 under each depreciation method when residual value is $30,000 and useful life is 3 years:Depreciation methodStraight-line __________Units-of-Output __________Double-declining __________2. Fill in the book value at the end of year 1 under each depreciation method when residual value is $36,000 and useful life is 4 years:Depreciation method:Straight-line ________Units-of-Output __________Double-declining
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