Accelerated Depreciation Koffman's Warehouse purchased a forklift on January 1, 2017, for $580,000. The forklift is expected to last for five years and have a residual value of $12,000. Koffman's uses the double-declining- balance method for depreciation. Required: 1. Calculate the depreciation expense, accumulated depreciation, and book value for each year of the forklift's life. If necessary, round any depreciation calculations to the nearest dollar. Annual Year Accumulated Depreciation Book Value Depreciation 2017 $ 2018 2019 2020 2021