Question 24 of 30 - 75 E Current Attempt in Progress Alvarado Company purchased a new machine for $400,000. It is estimated that the machine will have a $40,000 salvage value at the end of its 5-year useful service life. The double-declining-balance method of depreciation will be used, Prepare a depreciation schedule which shows the annual depreciation expense on the machine for its 5-year life. End of Year Book Value Beginning of Year Annual Depreciation Expense Year Accumulated Depreciation Book Value End of Year 1 $ $ $ 2 3 4 5 11,840