On January 1, 2024, Sanderson Company acquired a machine for $1,080,000. The estimated useful life of the asset is five years. Residual value at the end of five years is estimated to be 595,000 What is the book value of the machine at the end of 2025 if the company uses the straight-line method of depreciation? The cost of an asset is 51.100,000, and its residual value is $290,000, Estimated useful life of the asset is five years Calculate depreciation for the second year uning the double-declining - balance method of depreciation