Part 4: Property, Plant and Equipment Assets Caribou Inc. acquired a new roller press on March 29, 2015 for $160,000. The machine has a 5-year life and a residual value of $40,000. Caribou's year end is December 31. Depreciation is calculated to the nearest whole month. Section I Required: Calculate depreciation for the first three years of the asset's useful life by completing the following schedule. Year Straight-Line Depreciation Double-Declining Balance Depreciation