Question-5

Kenartha Oil recently paid $480,900 for equipment that will last five years and have a residual value of $112,000. By using the machine in its operations for five years, the company expects to earn $178,000 annually, after deducting all expenses except depreciation. Complete the schedule below assuming each of (a) straight-line depreciation and (b) double declining-balance depreclation. (Do not round intermediote colculations. Enter loss omounts with o minus sign.)