A storage tank acquired at the beginning of the fiscal year at a cost of $85,000 has an estimated residual value of $5,200 and an estimated useful life of four years.

a. Determine the amount of annual depreciation by the straight-line method.

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b. Determine the amount of depreciation for the first and second years computed by the double-declining-balance method. Do not round the double-

declining balance rate. If required, round your answers to the nearest dollar.

Depreciation

Year 1

Year 2

Guys i need ! graded assignment grade 8 checkpoint 2, part 2 answer the questions below. when you are finished, submit this assignment to your teacher by the due date for full credit. total score: of 9 points (score for question 1: of 4 points) 1. the cost of renting a car for a day is $0.50 per mile plus a $15 flat fee. (a) write an equation to represent this relationship. let x be the number of miles driven and y be the total cost for the day. (b) what does the graph of this equation form on a coordinate plane? explain. (c) what is the slope and the y-intercept of the graph of the relationship? explain.