Problem 9-9A Ayayai Corporation purchased machinery on January 1, 2017, at a cost of $270,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $26,000. The company is considering different depreciation methods that could be used for financial reporting purposes. 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 Annual Depreciation Expense Accumulated Depreciation Book Value Years Depreciable Cost x Depreciation Rate 2017 2018 2019 2020 DOUBLE DECLINING BALANCE DEPRECIATION Computation End of Year Years Book Value Beginning of Year Depreciation Rate Annual Depreciation Expense Accumulated Depreciation Book Value 2017 2018 2019 2020 7,750