Flounder Corporation purchased machinery on January 1,2025, at a cost of $262,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $31,200. The company is considering different depreciation methods that could be used for financial reporting purposes. (a) Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining balance method using double the straight-line rate. Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate. Question 19 of 19 (b) Question 19 of 19 DOUBLE-DECLINING-BALANCEDEPRECIATION a Depreciation Rate = Annual Depreciation Expense Accumulated Depreciation SUPPORT