(a) Please prepare the depreciation schedules under both the Straight-Line and Double Declining Balance methods of depreciation based on the following: Purchased a machine at a cost of $33,500 on 1/1/1 (first year in business). The machine has an estimated salvage value of $1,500 and an 8-year useful life. (b) In a couple of sentences, please explain why most companies prefer to use Double Declining Balance method as opposed to the Straight-Line method of depreciation.