Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Tory Enterprises pays $257,400 for equipment that will last five years and have a $45,500 salvage value. By using the equipment in its operations for five years, the company expects to earn $90,400 annually, after deducting all expenses except depreciation. 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 this question by entering your answers in the tabs below. Calculate annual depreciation expenses using double-decilining-balance method. (Round Annual Depreciation to the nearest whole dollar.) Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] Tory Enterprises pays $257,400 for equipment that will last five years and have a $45,500 salvage value. By using the equipment in its operations for five years, the company expects to earn $90,400 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 this question by entering your answers in the tabs below. 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. (Net loss should be entered with a minus sign.)