Novak Corp. purchased a new machine for $400,000. It is estimated that the machine will have a $35,000 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 that shows the annual depreciation expense on the machine for its 5 -year life. 1 "Adjusted to $16,840 because ending book value should not be less than expected salvage value