1. In 2020, Johnson Co purchased a machine used for manufacturing for $1,000,000. This machine had a useful life of 8 years and had a salvage value of $50,000. Johnson uses the half-year convention. Prepare a schedule showing the depreciation expense, accumulated depreciation, and the Book Value of the asset over its life under the following 2 methods (round all amounts to the nearest dollar): a. Straight-line depreciation I b. Double declining Balance Method (Switch over to straight line depreciation in year 2026) Your table for each of the above should look like this: Straight Line Depreciation Year Computation Depreciation Accumulated Expense Depreciation Book Value 2020 2021 2022 2023 2024 2025 2026 2027 2028 Double Declining Balance Method Depreciation Year Computation Depreciation Expense Accumulated Depreciation Book Value 2020 2021 2022 2023 2024 2025 2026 2027 2028 United States FOCUS