Sheffield Corporation purchased machinery on January $1,2025,$ at a cost of $$282,000.$ The estimated useful life of the machinery is $4$ years, with an estimated salvage valuf at the end of that period of $$33,200.$ The company is considering different depreciation methods that could be used for financial reporting purposes.$($a$)$F$1$Prepare separate depreciation schedules for the machinery using the straight$-$line method, and the declining$-$balance method using double the straight$-$line rate.Years$2025202620272028$$STRAIGHT$-$LINE DEPRECIATIONComputationDepreciable CostDepreciation Rate$=$ Annual Depreciation ExpenseAccumulati$\%$$$$\%\%\%20$DIIDD