A company is depreciating a $1007000 building using a straight-line rate of 5%. The building has an estimated residual value of $201400. What would the amount of depreciation be in the first year using the straight-line method and the double-declining-balance method? Straight-line Double-declining-balance $40280 $40280 $50350 Amachine that produces cellphone components is purchased on January 1,2024, for $163,000. It is expected to have a useful life of four vears and a residual value of $11,000. The machine is expected to produce a total of 200.000 components during its life. distributed as follows: 40,000 in 2024,50,000 in 2025,60,000 in 2026, and 50,000 in 2027 . The compamy has a December 31 year end iii. Double-diminishing-balance method