Question No. 4 (7) Green Pakistan purchased a new machine on October 1, 2008 at a cost of $118,000. The machine's estimated useful life at the time of the purchase was 7 years, and its residual value was $9,500. Instructions a. Prepare a complete depreciation schedule, beginning with calendar year 2008, under each of the methods listed below (assume that the half-year convention is used). 1. Straight-line 2. 200 percent declining-balance. 3. 150 percent declining-balance, switching to straight-line when that maximizes the expense