Ivey Company purchased a machine at a cost of $100,000. The machine is expected to have a $13,000 salvage value at the end of its 5-year useful life. (Hint: Assume purchase is made at the beginning of the year.) When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. Compute annual depreciation for the first and second years using the Straight-line method. Response - Straight-Line Depreciation Year 1 Year 2 Straight-Line Method $ $ Compute annual depreciation for the first and second years using the Double-declining-balance method. Response - Double-Declining-Balance Depreciation Year 1 Year 2 Double-Declining-Balance Method $ $