Sarasota Corporation purchased machinery on January 1 2022 at a cost of $280,000. The estimated useful life of the machinery is weats, with an estimated salvage value at the end of that period of $33,000. The company is considering different depreciation methods that could be used for financial reporting purposes. Prepare separate depreciation schedules for the machinery using the straight line method, and the declining balance method using double the straight-line rate STRAIGHT LINE DEPRECIATION Computation End of Year Years Depreciable Cost Depreciation Rate - Annual Depreciation Expense Accumulated Depreciation Book Value 2022 2022 20:34 2025 DOUBLE-DECLINING-BALANCE DEPRECIATION Computation Years Book Value Beginning of Year * Depreciation Rate - Annual Depreciation Expense End of Year Accumulated Depreciation Book Value 2022 9 $ 2023 2024 2025 2,000