Choice Among Depreciation Methods Walnut Roge Production inc. purchased a new computerized video-editing machine at a cost of $370,000. The system has a residual value of $56,300 and an expected life of 5 vears. Required: 1. Compute depreciation expense, accumulated depreciation, and book value for the first 3 years of the machine's life using: b. The double-declining-balance method. 2. Which method would produce the largest income in the first, second, and third years of the asset's life