Could use some help.

1. On January 1, 2020, Coastal Hay Corp. purchased a hay baling machine for $500,000. The corporation expects to use the machine over the next 4 years. The estimated residual value of the machine is $100,000. Complete the following schedule using the double-declining-balance method of depreciation. (12 points) Book Value Depreciation Expense Accumulated Depreciation Rate Year 1/1/2020 Book value $500,000 $500,000 12/31/20 12/31/21 12/31/22 12/31/23