5 Harry's Ice Cream Dispensary On January 1, 2004, Harry's Ice Cream Dispensary acquired a new ice cream-making machine, costing $100,000. The machine has a four- year life with a $10,000 residual value. Harry must decide whether to use straight-line or double-declining balance dpreciation. 1: Compute depreciation expense for each year, using both methods: Depreciation Double-declining- Straight-line expense balance 2004 2005 2006 2007 Total 2. Now assume that Harry's earns $100,000 in net income before depreciation expense each year Harry's sells the machine on January 1, 2007 for $40,000. N Disregard income taxes Compute Hrry's net Income each year, using both methods. Double-declining- Net Income Straight-line balance 2004 2005 2006 2007 Total