Assume that MHS purchased two additional pieces of equipment on April 1st (the first day of its fiscal year), as follows: The laboratory equipment cost $300,000 and has an expected life of 5 years. The salvage value is 5 percent of cost. No equipment was traded in on this purchase. The radiology equipment cost $800,000 and has an expected life of 10 years. The salvage value is 10 percent of cost. No equipment was traded in on this purchase. Required For both pieces of equipment: a. Compute the annual straight-line depreciation for the laboratory equipment. b. Compute the annual straight-line depreciation for the radiology equipment.