Problem 9-9 Pronghorn Corporation purchased machinery on January 1, 2017, at a cost af $310,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that periad of $24,000. The company is considering different depreciation methads that cauld be used for finarncial reporting purposes 2017, at on metheds that could be used for Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate STRAIGHT-LINE DEPRECIATION Computation End of Year Years Depreciable Cost x Depreciation RateAnnual Depreciation Expense Accumulated Depreciation Book Value 2017 310C00 201B 2019 2020 DOUBLE-DECLINING-BALANCE DEPRECIATION Computation End of Year Years 2017 2018 2019 2020 Book Value Beginning of Year Depreciation Rate = Annual Depreciation Expense Accumulated Depreciation Book Value 14,750 Depreciation expense for 2020 under Double declining-balance is edjusted so that ending book value is equal to salvage value. Which method would result in the higher reported 2017 income? In the highest total reported income over the 4-year period