On January 1 of the current year, Thayer Manufacturing Company purchased a metal cutting and polishing machine at a cost of $4,700,000. The installation and delivery costs amounted to $300,000. The firm expects the machine to be productive for a total of 5 years and a residual value of $450,000 at the end of the asset's useful life. Read the requirements. Requirement 1. Prepare the depreciation schedules for the machine assuming that Thayer Manufacturing uses the straight-line method. A Requirements Original Depreciation Expense End-of-Year Accumulated Depreciation End-of-Year Net Book Value (NBV) Year Cost Prepare the depreciation schedules for the machine assuming that the following methods were used (each case is independent): 1. Straight-line method 2. Double-declining balance method (DDB) (Reduce the depreciation expense in the last year to the necessary amount to arrive at an ending book value equal to the scrap value.) Print Done Total Requirement 2. Prepare the depreciation schedules for the machine assuming that Thayer Manufacturing uses the double-declining balance method (DDB). (Reduce the depreciation expense in the last year to the necessary amount to arrive at an ending book value equal to the scrap value.) Beginning Net Book Value (NBV) End-of-Year Accumulated End-of-Year Net Book Value DDB Depreciation Expense Year Depreciation (NBV)