2. A'machine costing $85,000 with a 5-year life and $5,000 residual value was purchased January 2, 2020. Compute depreciation expense for each year and book value at the end of each year for each of the five years, using the double declining-balance method. REQUIRED: For each of the five years compute the depreciation expense and book value at end of year. Write your final answers in the space provided below. (Show calculations in your booklet) (20 points)