Question $1$

A machine, purchased for $$85,000,$ has a depreciate life of $5$ years. Unless otherwise mentioned, assume that there is no specific salvage value given after $5$ years different from the given depreciation methods. The half$-$year rule does not apply in this question.

a$]$ Using the straight$-$line method, what are the depreciation amounts for each of the next $5$ years? Assume for this particular book depreciation method that the asset will have an expected salvage value of $$5,000$ at the end of the depreciable life.

b$]$ If the double declining balance $(200\%DB)$ method is used, what are the depreciation amounts for the next $5$ years? Please do not consider the salvage value in this part.