Exercise 253 Alvarado Company purchased a new machine for $400,000. It is estimated that the machine will have a $40,000 salvage value at the end of its 5-year useful service life. The double-declining- balance method of depreciation will be used. Prepare a depreciation schedule which shows the annual depreciation expense on the machine for its 5-year life. End of Year Year Book Value Beginning of Year Annual Depreciation Expense Accumulated Depreciation Book Value End of Year 1 Click if you would like to Show Work for this question: Qoen Show Work Question Attempts: 0 of 2 used SAVE FOR LATER SUBHIT