Blossom Company purchased a new machine for $475,000. It is estimated that the machine will have a $43,000 salvage value at the end of its 5-year useful service life. The double-declining-balance method of depreciation will be used. Prepare a depreciation schedule that shows the annual depreciation expense on the machine for its 5-year life. Year 1 2 3 4 5 SA Book Value Beginning of Year LA Annual Depreciation Expense $ Accumulated Depreciation End of Year Book Value

Blossom Company purchased a new machine for $475,000. It is estimated that the machine will have a 543,000 salvage value at the end of its 5 -year usefut servicelife. The double-dectining batance method of depreclatlon with beused Prepare a depreciation schedule that shows the annual depreciation expense on the machine for its 5 -year life