Exercise 6-9 Computing and recording straight-line versus double-declining-balance depreciation At the beginning of 2014, Metal Manufacturing purchased a new computerized drill press for $75,000. It is expected to have a five-year life and a $15,000 salvage value. Required a.Compute the depreciation for each of the five years, assuming that the company uses (1)Straight-line depreciation. (2)Double-declining-balance depreciation.