On January 5,20X1, Terrell Company purchased a new $400,000 machine with a five-year useful life and an estimated salvage value of $30,000. INSTRUCTIONS Prepare a schedule showing the annual depreciation and accumulated depreciation for each of the first three years of the asset's life under (1) the straight-line method, (2) the sum-of-the-years'-digits method, and (3) the double-declining-balance method. Analyze: If the double-declining-balance method is used, what would be the book value of the machine at the end of 20X3