Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] Tory Enterprises pays $258,400 for equipment that will last five years and have a $45,600 salvage value. By using the equipment in its operations for five years, the company expects to earn $90,500 annually, after deducting all expenses except depreclation. Exercise 8-10 (Algo) Double-declining-balance depreciation LO P1 Calculate annual depreciation expense using double-declining-balance method. Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the total five-year period, assuming double-declining-balance depreciation is used. Complete thi