View Policies Current Attempt in Progress Sarasota Corporation purchased machinery on January 1, 2022, at a cost of $280,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $33,000. The company is considering different depreciation methods that could be used for financial reporting purposes. 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 End of Year ars Depreciable Cost X Depreciation Rate - Annual Depreciation Expense Accumulated Depreciation Book Vali DOUBLE-DECLINING-BALANCE DEPRECIATION Computation End of Year DOUBLE-DECLINING-BALANCE DEPRECIATION Computation End of Year Years Book Value Beginning of Year Depreciation Rate - Annual Depreciation Expense Accumulated Depreciation Book 2022 $ 2023 2024 2025 2.000 Depreciation expense for 2020 under Double declining balance is adjusted so that ending book value is equal to salvage value. e Textbook and Media Save for Later Attempts: 0 of 6 used Submit Answer (b) The parts of this question must be completed in order this part will be available when you complete the part above