Orange Co., whose accounting period ends on December 31, purchased a machine for $6,820 on January 1 with an estimated residual value of 5880 and an estimated useful life of 10 years. Prepare depreciation schedules for the current as well as the following year using (a) straight-line and (b) double declining-balance at twice the straight-line rate methods. (a) Complete the depreciation schedule using the straight-line method. (Round to the nearest dollar.) Accumulated End of Cost of Yearly Depreciation Expense Depreciation, Book Value, Year Machinery End of Year End of Year 1 2