Depreciation - 15 minutes - 8 marks On May 2, 2020, Kings Landing Corporation purchased a machine for manufacturing crossbows for $95,000. The company expects the machine to last for 4 years or 30,000 units of production, with an estimated residual value of $27,000. Required: 1. Calculate depreciation and book value for each year of the machine's estimated useful life using the double-declining balance method. Space has been provided below to show your calculations. Round to two decimal points. 7 A- T: - F B I U S X2 x? TIE E oo = Inl Year Depreciation Expense Book Value 2020 2021 2022 2023 calculations. Round to two decimal points. A- T. Ff - B I US X2 X2 Nii MI lil Year Depreciation Expense Book Value 2020 2021 2022 2023 Calculations