On May 2, 2020, Ramacos Canada purchased a new machine for manufacturing hunting riffles for $115,000. The company expects the machine to last for 4 years or 30,000 units of production, with an estimated residual value of $34,000.

You must...

1. Calculate depreciation and book value for each year of the machines estimated useful life using the double-declining balance method. please round to two decimal points, and write your calculations.

Year	Depreciation Expense	Book Value
2020
2021
2022
2023