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ABC Company purchased a new machine on January 1, 2017, at a cost of $220,000. The machine is expected to have 10 year verm tife and a $20,000 salvage (Residual) value. The machine is expected to work 800,000 hours during its 10-year term life. Working during 2017 was 70,000 hours and during 2018 was 110,000 hours and during 2019 was 120,000 hours. Instructions Prepare a depreciation schedule which shows the annual depreciation expense on the machine for the years 2017, 2018, and 2019 under each of the following methods: 1) Double-declining balance TT T Arial 3(12pt) T