Question 3 [Depreciation] Guardado Company purchased a new machine for $400,000. It is estimated that the machine will have a $40,000 residual value at the end of its 5 -year useful service life. Instructions Using the straight-line method, (a) Determine depreciation expense for the second and the last year. (b) Determine the book value of machine at the end of the second and the last year. Using double-declining-balance method, (c) Determine depreciation expense for the second and the last year. (d) Determine the book value of machine at the end of the second and the last year