There are multiple parts to this question, in need of help please

Part 1

top is straight-line Depreciation

bottom is double -declining- balance depreciation

Monty Corporation purchased machinery on January 1, 2022, at a cost of $270,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $32,000. The company is considering different depreciation methods that could be used for financial reporting purposes, Part 1 Your answer is partially correct Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight line rate. STRAIGHT-LINE DEPRECIATION Computation Depreciation Rate Accumu Annual Depreciation Expense Years Depreciable Cost $ $ 50 $ 2022 270.000 2023 210.500 96 59500 2024 147000 90 59500 2025 estion 3 of 6 STRAIGHT-LINE DEPRECIATION End of Year Accumulated Depreciation Book Value epreciation Rate Annual Depreciation Expense $ % s 270.500 25 $ 59.500 5.900 25 147000 %6 123000 OL % 59500 % 59500 $ 238,000 DOUBLE-DECLINING-BALANCE DEPRECIATION Computation Book Value Beginning of Depreciation Rate Annual Depreciation Expense Year Accumu Years % S $ 3 2022 % 2023 90 2024 96 1.750 2025