Ermler Company purchased a machine at a cost of $80,000. The machine is expected to have a $5,000 salvage value at the end of its 5-year useful life.

Exercise 252 a-b Ermler Company purchased a machine at a cost of $80,000. The machine is expected to have a $5,000 salvage value at the end of its 5-year useful life. Compute annual depreciation for the first and second years using the Straight-line method. Year 1 Year 2 ilin imestiead LINK TO TEXT Compute annual depreciation for the first and second years using the Double-declining-balance method Year 1 Year 2 Double-declining-balance method Click if you would like to Show Work for this question Open Show Work LINK TO TEXT