ng information applies to the questions displayed below.j Tory Enterprises pays $238,400 for equipment that will last five years and have a $43,600 salvage value. By using the equipment in its operations for five years, the company expects to earn $88,500 annually, after deducting all expenses except depreciation. Exercise 8-10 (Static) Double-declining-balance depreciation LO P1 Calculate annual depreciation expense using double-declining-balance method. Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the total five-year period, assuming double-declining-balance depreciation is used. Complete this question by entering your answers in the tabs below. Income Depreciation Schedule Computation Calculate annual depreciation expenses using double-declining-balance method. (Round Annual Depreciation to the nearest whole dollar.) Year Depreciation for the Period End of Period Book Value Beginning of Depreciation Annual Accumulated Rate Depreciation Depreciation Period Book Value Year 1 Year 2 Year 3 Year 4 Year 5 Total 0