Question $5)$ Aragorn's Corporation purchased machinery on January $1,2023,$ at a cost of $$260,000.$ The estimated useful life of the machinery is $4$ years, with an estimated salvage value at the end of that period of $$20,000.$ The company is considering different depreciation methods that could be used for financial reporting purposes.

Instructions:

A$)$ Prepare separate depreciation schedules $($as shown in class$)$ for the machinery using $1)$ the straightline method, and $2)$ the double$-$declining balance method. $($Round to the nearest dollar.$)$

B$)$ Which method would result in the higher reported $2023$ income? In the highest total reported income over the $4-$year period?

C$)$ Which method would result in the lower reported $2023$ income? In the lowest total reported income over the $4-$year period?