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Depreciation and Rate of Return Burrell Company purchased a machine for $ 5 7 , 0 0 0 on January 2 , 2 0 1

Depreciation and Rate of Return
Burrell Company purchased a machine for $57,000 on January 2,2019. 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 $28,500 each year. The tax rate is 30%.
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 straight-line and the double-declining-balance depreciation methods. Assume that the machine is the company's only asset.
Straight-line method. If required, round to one decimal place.
2019 fill in the blank 1
23.3
%
2020 fill in the blank 2
30
%
2021 fill in the blank 3
42
%
2022 fill in the blank 4
70
%
2023 fill in the blank 5
210
%
Double-declining-balance depreciation method. Round to two decimal places. Round your intermediate dollar value calculations to the nearest whole number.
2019 fill in the blank 6
8.75
%
2020 fill in the blank 7
37.92
%
2021 fill in the blank 8
86.53
%
2022 fill in the blank 9
169.38
%
2023 fill in the blank 10
508.15
%

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