Please help with the follow problem:

Atwell Company purchased machinery on January 1, 2017, at a cost of $270,000. The estimated useful life of the machinery is 5 years, with an estimated salvage value at the end of that period of $20,000. The company is considering different depreciation methods that could be used for financial reporting purposes.

Instructions

(a) Prepare separate depreciation schedules for the machinery using the straightline method, and the decliningbalance method using double the straightline rate. (Round to the nearest dollar.)

**Check figure(a) Doubledecliningbalance expense 2019 $38,800

(b) Compare and contrast the effect of the 2 methods on net income for each of the 5 years the machinery will be depreciated.

(c) Which method do you recommend andwhy?