/10 E Blue Company purchased a new machine for $380,000. It is estimated that the machine will have a $38.000 salvage value at the end of its 5-year useful service life. The double-declining-balance method of depreciation will be used. Prepare a depreciation schedule which shows the annual depreciation expense on the machine for its 5-year life. Year 1 2. $ Book Value Beginning of Year 3 4 Annual Depreciation Depreciation Rate Expense % % 36 11.248 5 Accumulated Depreciation $