3- Double Declining Balance Depreciation (10 points) A machine is purchased for $25,000 on April 1, 2019. It is expected to have a useful life of 4 years and a salvage value of $1,000. Calculate using Double Declining. Beginning Book Value Depreciation Expense Ending Book Value Year Depreciation Rate 4- Payroll (10 points) Gross Pay Federal Taxes Withheld State Taxes Withheld Social Security and Medicare Medicare Medical and Dental Premiums United Way Contributions 401K Contributions SUTA PUTA $80,000 $24,000 $3,800 All salaries are eligible All salaries are eligible $1000 $700 $500 $38,000 salaries eligible, 2.9% for SUTA $25,000 salaries eligible, 0.6% for FUTA 1. How much do we credit Salaries Payable? 2. How much do we debit Payroll Taxes Expense? 3. What are the total expenses associated with this payroll