Burrell Company purchased a machine for $$11,000$ on January $2,2019.$ The machine has an estimated service life of $5$ years and a zero estimated

residual value. The asset earns income before depreciation and income taxes of $$5,500$ each year. The tax rate is $35\%.$

Required:

Compute the rate of return earned $($on the average net asset value$)$ by the company each year of the asset's life under the straight$-$line and the double$-$

declining$-$balance depreciation methods. Assume that the machine is the company's only asset.

Straight$-$line method. If required, round to one decimal place.

Double$-$declining$-$balance depreciation method. Round to two decimal places. Round your intermediate dollar value calculations to the

nearest whole number.

$2019$

$\%$

$2020$

$\%$

$2021$

$\%$

$2022$

$\%$

$2023$

$\%$