Ju n ery on January 1, 2022, at a cost of $294.000. The estimated We of the machinerys 4 years, with an estimated Savage value at the end of that period of $34,400. The company is considering interent deprecation methods that could be used for rencial reporting purposes Prepare separate depreciation schedules for the machinery using the straight- thod, and the d ing-bone method using double the straight-inerte STRAIGHT LINE DEPRECIATION Computation Depreciable Cost * Depreciation Rate Annual Depreciation Expense Years End of Year Accumulated Depreciation 2022 Book Value 2023 2025 DOUBLE-DECLINING-GALANCE DEPRECIATION Computation Book Value Beginning of Year Depreciation Rate Annual Depreciation Expense Years Accumulated Depreciation Book Value 2024 2023 2024 2025 2,350 Depreciation expense for 2020 under Double declining balance is adjusted so that ending book value is equal to salvage value which method would result in the higher reported 2022 income? In the highest total reported income over the 4-year period? Which method would result in the lower reported 2022 income? In the lowest total reported income over the 4-year period