Bramble Corporation purchased machinery on January 1, 2022, at a cost of $300,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $35,000. The company is considering different depreciation methods that could be used for financial reporting purposes. 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 Computation Years Depreciable Cost x Depreciation Rate = Annual Depreciation Expense End of Year Accumulated Depreciation Book Value 2022 2023 2024 2025 DOUBLE-DECLINING-BALANCE DEPRECIATION Computation Book Value Beginning of Year x Depreciation Rate = Annual Depreciation Expense End of Year Accumulated Depreciation Years Book Value 2022 2023 2024 2025 2,500* *Depreciation expense for 2020 under Double declining-balance is adjusted so that ending book value is equal to salvage value