? ezio.mbeducation.com/hm.tpx Freedom Co. purchased a new machine on July 2, 2016, at a total installed cost of $42.000. Required: a1. Calculate the depreciation expense for each year of the asset's life using Straight-ine depreciation. an estimated ife of five years and an estimated salvage value of $6,600. Year a-2. Calculate the depreciation expense for each year of the assets lfe using Double-declining-balance depreciation. Year b. How much depreciation expense should be e orded by Freedom Co. for its 5scal year ended Decomber 31, 2016, under oach method? Nee. The machine w year of ife. have bee used for anet af of its f- MacBook A