Macklin's Dry Cleaning purchased new equipment on January 1, 2010, at a cost of $130,500. The estimated useful life is eight years with a salvage value of $16,500. Requirements 1. Prepare two different depreciation schedules for the equipmentone using the straight-line method, and the other using the double-declining balance method. Complete the depreciation schedule using the straight-line method. (Round your answers to the nearest dollar.) Depreciation Expense Acc. Dep. End of Year Book Value End of Year i Definition Year 2010 2011 2012 Cost of Equipment $ 130,500 130.500 130,500 130,500 130,500 130,500 130,500 130,500 2013 Requirements 1. Prepare two different depreciation schedules for the equipment--one using the straight-line method, and the other using the double-declining balance method. (Round to the nearest dollar.) 2. Determine which method will result in the greatest net income for the year 2010. 2014 2015 2016 2017 Print Done