Remaining Time Theur, 57 minutes, 59 seconds Question Completion State Question 14 points Given the following data: Cost of Machinery $97,000 (acquired on Jan 1, 2009) Salvage Value $2.000 Estimated Useful Life = 5 years L. Determine the depreciation expense per year and the book value of the asset at the end of each year by using the Straight Line Depreciation Method. Fill the columns from the year 2009 to 2013 in the format given below. (5 marks) What will be the effect (increase, decrease, or remain same) on the profitability in the initial years if a company was using Double Declining Balance Method. Why? (No calculation required) (0.5+0.5 - 1 mark) End of Annual Period Depreciable Cost Depreciation Rate Depreciation Expense Accumulated Book Value (Year) Depreciation 2009 2010 2011 2012 2013 For the toolbar, press ALT F10 (PC) ALTOFN+F10 Mac) B LVS Paragraph Arial A 2 I. XCOQ = = = XX, TT + 1 2 A 58 B BE ) 10pt