Required information [The following information applies to the questions displayed below.) Tory Enterprises pays $238,400 for equipment that will last five years and have a $43,600 salvage value. By using the equipment in its operations for five years, the company expects to earn $88,500 annually, after deducting all expenses except depreciation. Calculate annual depreciation expenses using double-declining-balance method. (Enter all amounts positive values.) End of Period Year Book Value Depreciation for the Period Beginning of Depreciation Period Book ? Annual Value Rate Depreciation $ 238,400 40% $ 95,360 143,040 40% 57,216 85,824 40% 34,330 51,494 40% Accumulated Depreciation $ 95,360 152,576 186,906 $ Year 1 Year 2 Year 3 Year 4 Year 5 Total 143,040 85,824 51,494 40% $ 186,906