Lockard Company purchased machinery on January 1, 2014, for $80,000. The machinery is estimated to have a salvage value of $8,000 after a useful life of 5 years. Calculate depreciation using the double-declining balance method and fill in the following depreciation schedule.

Year	Cost	Book Value, Beginning	Depreciation Expense	Accumulated Depreciation	Book Value, Ending
				= depr exp.	=Cost - Accum Depr
1	$80,000	$80,000	[ Select ] ["$40,000", "$36,000", "$32,000", "$16,000"]	[ Select ] ["$40,000", "$32,000", "$36,000", "$16,000"]	[ Select ] ["$48,000", "$32,000", "$16,000", "$80,000"]
2	$80,000	$48,000	[ Select ] ["$16,200", "$21,400", "$19,200", "$19,800"]	[ Select ] ["$32,000", "$48,000", "$16,600", "$51,200"]	[ Select ] ["$36,600", "$51,200", "$28,800", "$80,000"]
3	$80,000	$28,800	[ Select ] ["$11,520", "$12,750", "$13,370", "$9,480"]	[ Select ] ["$48,720", "$71,880", "$62,720", "$64,580"]	[ Select ] ["$19,560", "$18,140", "$17,280", "$14,480"]
4	$80,000	[ Select ] ["$18,800", "$20,580", "$19,450", "$17,280"]	[ Select ] ["$6,112", "$6,912", "$7,564", "$8,812"]	[ Select ] ["$71,564", "$69,632", "$72,456", "$68,564"]	[ Select ] ["$10,368", "$12,000"]
5	$80,000	[ Select ] ["$12,000", "$10,368"]	[ Select ] ["$2,368", "$4,147.20"]	$72,000	$8,000