On January 1 of the current year, Reynoso Manufacturing Company purchased a metal cutting and polishing machine at a cost of $4,010,000. The installation and delivery costs amounted to $290,000. 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 Reynoso Manufacturing uses the straight-line method. End-of-Year End-of-Year Original Accumulated Net Book Value Depreciation Expense Year Cost Depreciation (NBV) 1 2 3 4 5 Total Requirement 2. Prepare the depreciation schedules for the machine assuming that Reynoso 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.) End-of-Year Beginning Net Book Value (NBV) DDB End-of-Year Accumulated Depreciation Depreciation Expense Net Book Value Year % (NBV) 1 % Enter any number in the edit fields and then continue to the next