Question 38 Ermler Company purchased a machine at a cost of $80,000. The machine is expected to have a $5,000 salvage value at the end of its 5-year useful life. Compute annual depreciation for the first and second years using the Straight-line method. Year 1 Year 2 Straight-line methods Compute annual depreciation for the first and second years using the Double-declining-balance method. Year 1 Year 2 Double-declining-balance method