\$-27. Computing Straight-Line and Double-Declining-Balance Depreciation On January 2. Haskins Company purchased a laser cutting machine for use in fabrication of a par for one of its key products. The machine cost $64,000, and its estimated useful life is five years after which the expected salvage value is $4,000. Compute depreciation expense for each year of the machine's useful life under each of the following depreciation methods: b. Double-declining-balance a. Straight-line