Changing Depreciation Kam Company purchased a machine on January 2, 2019, for $20,000. The machine had an expected life of 8 years and a residual value of $300. The double- declining-balance method of depreciation is used. 2. Assuming that the company has a policy of always changing to the straight-line method at the midpoint of the asset's life, compute the depreciation expense for each year of the asset's life. Compute the depreciation using the double-declining-balance through year four, then switch to the straight-line method. 2019: $ 15,000 x 2020: $ 11,250 X 2021: $ 8,437 X 2022: $ 2023: $ 6,328 X 4,746 X 3,559 x 2024: $ 2025: $ 2,669 X 2026: $ 300 x 3. Assuming that the company always changes to the straight-line method at the beginning of the year when the annual straight-line amount exceeds the double- declining-balance amount, compute the depreciation expense for each year of the asset's life. 2019: $ 2020: $ 2021: $ 2022: $ 2023: $ 2024: $ 2025: $ 2026: $ Changing Depreciation Kam Company purchased a machine on January 2, 2019, for $20,000. The machine had an expected life of 8 years and a residual value of $300. The double- declining-balance method of depreciation is used. 2. Assuming that the company has a policy of always changing to the straight-line method at the midpoint of the asset's life, compute the depreciation expense for each year of the asset's life. Compute the depreciation using the double-declining-balance through year four, then switch to the straight-line method. 2019: $ 15,000 x 2020: $ 11,250 X 2021: $ 8,437 X 2022: $ 2023: $ 6,328 X 4,746 X 3,559 x 2024: $ 2025: $ 2,669 X 2026: $ 300 x 3. Assuming that the company always changes to the straight-line method at the beginning of the year when the annual straight-line amount exceeds the double- declining-balance amount, compute the depreciation expense for each year of the asset's life. 2019: $ 2020: $ 2021: $ 2022: $ 2023: $ 2024: $ 2025: $ 2026: $