Walnut Ridge Production Inc. purchased a new computerized Video editing machine at a cost of $370,000. The site has a residual value of 154,400 and an expected Ife of 5 years, Required 1. Compute depreciation expense, accumulated depreciation, and book value for the first 3 years of the machine's Hewan The straight line method Depreciation Accumulated Expense Depreciation Book Value End of Year 2 3 . The double-declining balance method Depreciation End of Year Expense Accumulated Depreciation Book Value 1 2 3 2. wnich method would produce the largest income in the first second, and third years of the asset's life? Year Method First year Second year Third Year