1. Compute depreciation expense, accumulated depreciation, and book value for the first 3 years of the machine's life using: a. The straight-line method. End of Year 1 Depreciation Expense Accumulated Depreciation Book Value 2 3 b. The double-declining-balance method. End of Year 1 2 3 Depreciation Accumulated Expense Depreciation Book Value 2. Which method would produce the largest income in the first, second, and third years of the asset's life? Year First year Second year Third year Method