Monty Company purchased a new machine for $365,000. It is estimated that the machine will have a $36,500 salvage value at the end of its 5-year useful service life. The double-declining-balance method of depreciation will be used. Prepare a depreciation schedule which shows the annual depreciation expense on the machine for its 5-year life.

								End of Year
Year		Book Value Beginning of Year		Depreciation Rate		Annual Depreciation Expense		Accumulated Depreciation		Book Value End of Year
1		$enter a dollar amount		enter percentages %		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
2		enter a dollar amount		enter percentages %		enter a dollar amount		enter a dollar amount		enter a dollar amount
3		enter a dollar amount		enter percentages %		enter a dollar amount		enter a dollar amount		enter a dollar amount
4		enter a dollar amount		enter percentages %		enter a dollar amount		enter a dollar amount		enter a dollar amount
5		enter a dollar amount		enter percentages %		10,804*		enter a dollar amount		enter a dollar amount

*Adjusted to $10,804 because ending book value should not be less than expected salvage value.