The Upatheka Company acquired equipment for $ 500,000. The industrial engineer estimated that the equipment would last four years and sell for $ 50,000 afterward. The Internal Revenue Service rated the equipment as a three-year asset. The economic forecast predicted the following sales level. Year 1 3,000 Year 2 4,000 Year 3 Year 4 5,000 3,000 Required: Prepare depreciation schedule assuming that management applies the double-declining method.