Taimur Enterprises pays $242,400 for equipment that will last five years and have a $45,600 salvage value. By using the equipment in its operations for five years, the company expects to earn $90,500 annually, after deducting all expenses except depreciation. (Round your answers to the nearest whole dollar.)

a. Calculate annual depreciation expenses using double-declining-balance method. (Enter all amounts positive values.)

Year Depreciation for the Period End of Period Beginning of Depreciation Annual Accumulated Period Book Book Value Rate Depreciation Depreciation Value $ 242,400 Year 1 Year 2 Year 3 Year 4 Year 5 Total