Assume that a company purchases a depreciable asset on January 1 for $10,000. The asset has a four-year life and will have zero residual value at the end of the fourth year. Required Calculate...

Assume that a company purchases a depreciable asset on January 1 for $10,000. The asset has a four-year life and will have zero residual value at the end of the fourth year.

Required

Calculate depreciation expense for each of the four years using the straight-line method and the double-declining-balance method.