Depreciation and Rate of Return Burrell Company purchased a machine for $49000 on January 2, 2016. The machine has an estimated service life of 5 years and a zero estimated residual value. The asset earns income before depreciation and income taxes of $24500 each year. The tax rate is 25%. Required: Compute the rate of return earned (on the average net asset value) by the company each year of the asset's life under the straightline and the double declining balanc depreciation methods. Assume that the machine is the company's only asset.

Straightline method. Do not round intermediate calculations. Round final answer to two decimal places. 2016 % 2017 % 2018 % 2019 % 2020 % Double declining balance depreciation method. Do not round intermediate calculations. Round final answer to two decimal places. 2016 % 2017 % 2018 % 2019 % 2020 %