Windsor, Inc. purchased a new machine for $275,000. It is estimated that the machine will have a $27.500 salvage value at the end of its 5-year useful service life. The double-declining-balance method of depreciation will be used. Prepare a depreciation schedule that shows the annual depreciation expense on the machine for its 5-year life. End of Year Book Value Annual Beginning Depreciation Accumulated Book Value Year of Year Expense Depreciation End of Year 1 $ $ $ 2. 3 4 5 8,140 Adjusted to $8.140 because ending book value should not be less than expected salvage value