Che 5 Book Required information Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below! Tory Enterprises pays $258,400 for equipment that will last five years and have a $45,600 salvage value. By using the equipment in its operations for five years, the company expects to earn $90,500 annually, after deducting all expenses except depreciation Hint Prim References Exercise 8-10 (Algo) Double-declining-balance depreciation LO P1 Calculate annual depreciation expenses using double-declining balance method. Prepare a table showing income before depreciation, depreciation expense, and net (petax) income for each year and for the total five-year period, assuming double-declining balance depreciation is used. Complete this question by entering your answers in the tabs below. Depreciation Schedule Income Computation Calculate annual depreciation expenses using double-declining balance method. 08 Homework 0 Saved TIeUOI LOUIE STIUVIII ICONIC VEIDIE UCUIELIQLUI. UCUIELIQUUII CAUCIE. ONU FELIUILDAI IIICUIRE Required information Complete this question by entering your answers in the tabs below. Depreciation Schedule Income Computation Calculate annual depreciation expenses using double-declining-balance method. aces Year Depreciation for the Period Beginning of Period Book Depreciation Annual Value Rate Depreciation End of Period Accumulated Depreciation Book Value Year 1 Year 2 Year 3 Year 4 Year 5 Total 5 Ficuaie LODIE SIUVINIU IIICULTIC UCIVIC U UICCIOLUIT. U VICCIOLIUII CAUCHSC. OTTICLIDIELA Required information Complete this question by entering your answers in the tabs below. Book Hint Depreciation Schedule Income Computation Print rences Prepare a table showing income before depreciation, depreciation expense, and net (pretax) in total five-year period, assuming double-declining-balance depreciation is used. (Net loss should sign.) Income Before Depreciation Depreciation Expense Net (Pretax) Income (Loss) Year 1 Year 2 Year 3 Year 4 Year 5 Totals