Tory Enterprises pays $238.400 for equipment that will last five years and have a $43,600 salvage value By using the equipment in its operations for five years, the company expects to earn $88,500 annually, after deducting all expenses except depreciation Calculate annual depreciation expenses using double-declining balance method. Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the total five year period, assuming double-declining balance depreciation is used. Complete this question by entering your answers in the tabs below. Depreciation Schedule Income Computation Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the total five-year period, assuming double-declining balance depreciation is used, (Net loss should be entered with a minus sign) Year 1 Year 2 Year Year 4 Year 5 Totals Income Before Depreciation Net (Pretax) Depreciation Expense Income (Loss) $ 88,500 88 500 88 500 38.500 38.500 S 442,500 5 05 D