Flint Corporation purchased machinery on January 1, 2022, at a cost of $290,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $34,000. The company is considering different depreciation methods that could be used for financial reporting purposes. (a) Your answer is partially correct. Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate. STRAIGHT-LINE DEPRECIATION Computation Years Depreciable Cost X Depreciation Rate = Annual Depreciation Expense 2022 $ 25 % $ $ 2023 2024 2025 25 % 25 % 25 % Accumulat