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Question 8 [15 points) Global Filter Corp. recently paid $140.000 for equipment with an estimated five your useful to and residual value of $10,000 By using the equipment in its operations for five years, the company expects to earn $57,000 annually attor deducting all expenses except depreciation Complete the following schedules assuming each of straight line depreciation and double declining balance depreciation Round all amounts to the nearest dollarFor smplicity assume the equipment is deprecinted as an individual com and will not be broken into sports and deprecated Straight Line Depreciation 2014 2015 2016 2017 2018 Totals Income before depreciation Deprecation expense Net income 5-Y Double Declining Balance Depreciation s. Year 2014 2015 2016 2017 2018. Total Income before depreciation Depreciation expense Netcomes TANMARK