A machine with an estimated useful life of 8 years and an initial value of $120,000 is depreciated assuming that it will have NO salvage value at the end of it's life. Considering both the straight-line method of depreciation & the double-declining balance method of depreciation...

a. Which of the 2 would result in the largest depreciation for the first year?

b. Which years in this useful lifespan will the straight-line method give the greatest depreciation? (Hint: Show work)

c. Which years in this useful lifespan will the double-declining balance method give the greatest depreciation? (Hint: Show work)