Starbucks Corporation purchases a coffee machine for its new caf for $10,000. The machine has a useful life of 5 years and a salvage value

· Starbucks Corporation purchases a coffee machine for its new café for $10,000. The machine has a useful life of 5 years and a salvage value of $1,000. Compute the depreciation expense for the first two years using the double-declining balance method. Then, calculate the book value of the coffee machine at the end of year 2.