1.Fincher Company purchased a machine at a cost of $100,000 on the first day of the fiscal year. The machine is expected to have a $10,000 salvage value at the end of its 5-year useful life. Instructions Compute annual depreciation for the first and second years using the (a) straight-line method. (b) double-declining-balance method.

1.Fincher Company purchased a machine at a cost of $100,000 on the fiest day of the fiscal year. The machine is expectod to have a 510,000 salvege value at the end of its Styear usefil ife Instructione Compute annal deprecistion for the first and second years using the (a) straight-line method. (b) double-declining-balance method