Ayayai Corporation purchased machinery on January 1, 2022, at a cost of $296,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $34,600. The company is considering different depreciation methods that could be used for financial reporting purposes.

DOUBLE-DECLINING-BALANCE DEPRECIATION Computation End of Year Book Value * Depreciation Rate = Annual Depreciation Expense Accumulated Depreciation Beginning of Year Years Book Value 2022 2023 2024 2025 2,400 * * Depreciation expense for 2020 under Double declining-balance is adjusted so that ending book value is equal to salvage value