Section 3: Ermler Company purchased a machine at a cost of $80,000. The machine is expected to have a $5,000 salvage value at the end of its 5-year useful life. Instructions Compute annual depreciation for all five years using the (a) straight-line method. (b) double-declining-balance method. Annual End of Year Depreciation Accumulated Book Value Rate End of Year Book Value Beginning Depreciation Year of Year Expense Depreciation 1 2 3 4 5