Kam Company purchased a machine on January $2,2019,$ for $$20,000.$ The machine had an expected life of $8$ years and a residual value of $$300.$ The double$-$declining$-$balance method of depreciation is used.

Required:

$($If required, round to the nearest dollar.$)$

Compute the depreciation expense for each year of the asset's life and book value at the end of each year