the double$-$declining balance method for calculating depreciation on its machinery and equipment.

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The controller uses Excel's DDB function to produce the following depreciation expense schedule for this machine:

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Operating expenses $-$ Depreciation expense.$)$

$($Enter amounts to the nearest cent, X$.$XX$.)$

Data table

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The costs of operating the new machine $($not including depreciation expense$)$ are

expected to be $$13,000$ per year, while the machine will generate revenues of

$$80,000$ per year. Assume that the machine is purchased and placed into service

on the first day of Mateo's fiscal year.