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 $5,000, Compute depreciation expense for each year of the machine's useful life under each of the following depreciation methods: Round answers to the nearest whole number, when applicable. a. Straight-line Year 15 O Year 2$ 0 Year 35 0 Year 45 0 Year 55 0 b. Double-declining balance Year 1 $ 0 Year 25 0 Year 3 $ 0 Year 4 $ 0 Year 55 0