On January 2, 2018, the Jackson Company purchased equipment to be used in its manufacturing process. The equipment has an estimated life of eight years and an estimated residual value of $33,875. The expenditures made to acquire the asset were as follows: Purchase price $ 165,000 Freight charges 2,800 Installation charges 5,000 ________________________________________ Jacksons policy is to use the double-declining-balance (DDB) method of depreciation in the early years of the equipments life and then switch to straight line halfway through the equipments life. Required: 1. Calculate depreciation for each year of the assets eight-year life. You should complete the table provided summarizing your work. 2. Prepare a brief email to the accounting manager justifying the accounting treatment followed due to the change in accounting method of depreciation.