7 8 Part 2 of 2 points -- ! Required information [The following information applies to the questions displayed below.] Tory Enterprises pays $245,400 for equipment that will last five years and have a $44,300 salvage value. By using the equipment in its operations for five years, the company expects to earn $89,200 annually, after deducting all expenses except depreciation. eBook Calculate annual depreciation expense 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 is used. 01 Hint Complete this question by entering your answers in the tabs below. Print Depreciation Schedule References Income Computation Calculate annual depreciation expenses using double-declining-balance method. Note: Round Annual Depreciation to the nearest whole dollar. Depreciation for the Period Year Beginning of Period Book Value Year 1 Year 2 Year 3 Year 4 Year 5 Total End of Period Depreciation Rate Annual Depreciation Accumulated Depreciation Book Value 7 8 Part 2 of 2 points -- ! Required information [The following information applies to the questions displayed below.] Tory Enterprises pays $245,400 for equipment that will last five years and have a $44,300 salvage value. By using the equipment in its operations for five years, the company expects to earn $89,200 annually, after deducting all expenses except depreciation. eBook Calculate annual depreciation expense 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 is used. 01 Hint Complete this question by entering your answers in the tabs below. Print Depreciation Schedule References Income Computation 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 is used. Note: Net loss should be entered with a minus sign. Income Before Depreciation Depreciation Expense Net (Pretax) Income (Loss) Year 1 Year 2 Year 3 Year 4 Year 5 Totals < Depreciation Schedule Income Computation >