Navarro Corporation purchased machinery on May 1, 2021, at a cost of $650,000. The estimated useful life of the machinery is 5 years, with an estimated salvage value at the end of that period of $50,000. The company is considering different depreciation methods that could be used for financial reporting purposes. Instructions Prepare depreciation schedules (Table) for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate.