Exercise $10-10$ Double$-$declining$-$balance depreciation P$1$

Tory Enterprises pays $$238,400$ for equipment that will last five years and have a $$43,600$ salvage value. By using the equipment in its

operations for five years, the company expects to earn $$88,500$ annually, after deducting all expenses except depreciation. Prepare a table

showing income before depreciation, depreciation expense, and net $($pretax$)$ income for each year and for the total five$-$year period,

assuming double$-$declining$-$balance depreciation is used.