Sunland Company purchased a new machine for $$337,500.$ It is estimated that the machine will have a $$33,750$ salvage value at

the end of its $5-$year useful service life. The double$-$declining$-$balance method of depreciation will be used. Prepare a depreciation schedule that shows the annual depreciation expense on the machine for its $5-$year life.Prepare a depreciation schedule that shows the annual depreciation expense on the machine for its $5-$year life.

End of Year

Year

Book Value Beginning of Year

Annual Depreciation Expense Accumulated Depreciation Book Value End of Year $1$ $ $ $ $

$2$

$3$

$4$

$59,990$

Adjusted to $$9,990$ because ending book value should not be less than expected salvage value