Mediocre Corporation purchased new equipment with a cost of $450,000. The salvage value of the equipment was estimated to be $10,000. The useful life of the equipment is estimated to be 5 years. Fill in the depreciation schedule below using the double-declining balance method of depreciation: Year Cost Book Value, Begin. Deprec. Expense Accum. Deprec. Book Value, Ending => depr exp. =Cost - A/D 1 4 450,000/ 450,000 Select] 4 [Select] Select] 2 450.000 Select ] [ Select [ Select ] [ Select) 3 450,000/ [Select ] [Select] . [ Select ] [Select ] 14 450,000 [ Select] 4 [ Select] [ Select] Select ] + 5 450,000 Select ] [ Select) [ Select ] 10,000 Mediocre Corporation purchased new equipment with a cost of $450,000. The salvage value of the equipment was estimated to be $10,000. The useful life of the equipment is estimated to be 5 years. In year 3, the company determines that the original useful life of the asset was wrong. The revised estimate is now 6 years of useful life. There is no change to the estimated salvage value. Fill in the following depreciation schedule (remember that the first 2 years were calculated assuming a useful life of 5 years. The remaining 4 years will be based on a useful life of 6 years) Year Cost Book Value, Begin Deprec. Expense Accum. Deprec. Book Value, Ending => depr exp. =Cost - A/D 1 450,000 450,000 88,000 88,000 362,000 2 450,000 362,000 88,000 176,000 274,000 3 450,000 274,000 [ Select] [ Select ] [ Select] 4 450,000 Select ] + [ Select) [ Select] [ Select) 4 5 450,000 Select ] Select ] [ Select] [ Select ] 4 6 450,000 Select ] [ Select ] [ Select) 10,000