mig Timetheur, 50 minutes 55 seconds Queste completion Status 6 points Save A Question Cost of Machinery acquired on Jan 1, 2009) = $97.000 Salvage Value = $2.000 Estimated Useful Life = 5 years Required: 1. Determine the depreciation expense per year and the book value of the asset at the end of each year by using the Straight Line Depreciation Method. Fill all the columns from the year 2009 to 2013 in the format given below. (5 marks) End of Annual Depreciable Depreciation Depreciation Accumulated Book Value Period (Year) Cost Rate Expense Depreciation 2. What will be the effect (increase, decrease, or remain same) on the profitability in the initial years if a company was using Double Declining Balance Method. Why? (Only explain, no calculation required) (1 mark) For the toolbar, press ALT=F10 (POR ALT FN F10 (Mac). BIDS Paragraph Arial 10pt . A TE % e 6 ==== > X X3 - Tc + HU TT e . B. | (:) 17 prise