Equipment costing $76,000 was purchased by Spence, Inc., at the beginning of the current year. The company will depreciate the equipment by the declining-balance method, but it has not determined whether the rate will be at 150 percent or 200 percent of the straight-line rate. The estimated useful life of the equipment is eight years.
Prepare a comparison of the two alternative rates for management for the first two years Spence owns the equipment.(Round your answers to the nearest dollar amount. Omit the "tiny_mce_markerquot; sign in your response.)