Bridgeport Company purchased a machine at a cost of $89,500. The machine is expected to have a $5,300 salvage value at the end of its 5-year useful life. (a) Compute annual depreciation for the first and second years using the straight-line method. Year 1 Year 2 Straight-line method $enter a dollar amount $enter a dollar amount Attempts: 0 of 1 used (b) Compute annual depreciation for the first and second years using the double-declining-balance method. Year 1 Year 2 Double-declining-balance method $enter a dollar amount $enter a dollar amount Attempts: 0 of 1 used