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 Straight-line Year 11 O Year 21 0 Year 1 0 Year A Year S b. Double-dedining-balance Years war 25 0 Year 31