Computing Straight-Line and Double-Declining-Balance Depreciation On January 2, Haskins Company purchases a laser cutting machine for use in fabrication of a part for one of its key products. The machine cost $80,000, and its estimated useful life is five years, after which the expected salvage value is $5,000. Compute depreciation expense for each year of the machine's useful life under each of the following depreciation methods: Note: Round answers to the nearest whole number, when applicable. a. Straight-line Year 1 $ Year 2 $ Year 3 $ Year 4 $ Year 5 $ b. Double-declining-balance Year 1 $ Year 2 $ Year 3 $ Year 4 $ Year 5 $