The machine used to produce color copies cost $250,000 when it was purchased new one year ago. It has an expected life span of five years. The income statement showed the straight line deprecation rate as 20%. Total Book Value $250,000 Useful life 5 years Straight line depreciation (%%) 20% Double declining balance (6) Double Declining Balance Depreciation Book Value Depreciation Depreciation Accumulated Book Value Year (Beginning of Year) Rate Expense Depreciation (End of Year) 2 Using the double declining balance depreciation method, the book value of the color copy machine at the end of year two will be