#3 (2 pts.) Lockard Company purchased machinery on January 1, 2014, for $80,000. The machinery is estimated to have a salvage value of $8,000 after a useful life of 5 years. Calculate depreciation using the double-declining balance method and fill in the following depreciation schedule. | Book Value, Beginning Year Cost Depreciation Expense Accumulated Depreciation =z depr exp. Book Value, Ending =Cost - A/D 80,000