Question 2 Splutter Company purchased a machine on January 1, 2020, for $16,000. The machine has an estimated useful life of 5 years and a $1,000 residual value. It is now December 31, 2021 and Splutter is in the process of preparing financial statements. Complete the following schedule assuming declining-balance method of depreciation with a 150% acceleration rate. Date Depreciation Expense For the Year Net Book Value End of Year Dec 31, 2020 Dec 31, 2021