2 Required information [The following information applies to the questions displayed below) Tory Enterprises pays $255,400 for equipment that will last five years and have a $45,300 salvage value. By using the equipment in its operations for five years, the company expects to earn $90,200 annually, after deducting all expenses except depreciation Prepare a table showing income before depreciation depreciation expense, and net (pretax) income for each year and for the total five-year period, assuming straight-line depreciation is used Income Before Depreciation Net (Protax) Depreciation Expense Income nes Year Year 2 Years Year 4 Yours Total Required information [The following information applies to the questions displayed below) Tory Enterprises pays $255,400 for equipment that will last five years and have a $45,300 salvage value By using the equipment in its operations for five years, the company expects to earn $90.200 annually, after deducting all expenses except depreciation Calculate annual depreciation expenses using double-declining balance method Prepare a table showing income before depreciation depreciation expense, and net (pretax) income for each year and for the total five-year period, assuming double declining balance depreciation Complete this question by entering your answers in the tabs below. Depreciation Schedule Income Computation Calculate annual depreciation expenses using double-declining-balance method Depreciation for the Period End of Period Boginning of Depreciation Annual Accumulated Required information Depreciation Schedule Income Computation Calculate annual depreciation expenses using double-declining-balance method. Depreciation for the Period End of Period Beginning of Period Book Depreciation Annual Accumulated Rate Value Book Value Depreciation Depreciation OK Year m Year 1 Year 2 Year 3 Year 4 Year 5 Total ence Income Computation > Prepare a table showing income before depreciation, depreciation expense, and net total five-year period, assuming double-declining-balance depreciation. (Net loss sho Income Before Depreciation Depreciation Expense Net (Pretax) Income (Loss) Year 1 Year 2 Year 3 Year 4 Year 5 Totals