n/takeAssignment takeAssignmentvido vre-Ota ensi n .SESSIVIILUCIUI- progress-raise eBook Calculator Straight-Line, Declining-Balance, Sum-Of-The-Years'-Digits, and MACRS Methods A machine is purchased January 1 at a cost of $54,700. It is expected to serve for eight years and have a salvage value of $3,700. Required: 1. Prepare a schedule showing depreciation for each of the eight years and the book value at the end of each year using the following methods: a. Straight-line Straight-Line Method Annual Ending Year Depreciation Book Value 000 AWN b. Double-declining-balance (round to two decimal places) Double-Declining-Balance Method