Blue Corporation purchased machinery on January 1,2025 , at a cost of $298,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $34,800. The company is considering different depreciation methods that could be used for financial reporting purposes. (a) Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate. STRAIGHT-LINE DEPRECIATION DOUBLE-DECLINING-BALANCE DEPRECIATION Computation Years B 2025$ Depreciation Rate = Annual Depreciation Expense Accumulate 2026 % 2027 % 2028 % DOUBLE-DECLINING-BALANCE DEPRECIATION End of Year = Annual Depreciation Expense Accumulated Depreciation Book Value % % %