Your company bought a CNC machine for $10,000 and had it installed for $1,000. The CNC machine has a salvage value of $2,000 and a useful life of 5 years. If 200% declining balance is used to depreciate this machine, what is the depreciation amount in year 2? 1 point Your answer If 200% declining balance is used to depreciate this machine, what is its book value at the end of year 2? 1 point Your answer If straight line depreciation is used to depreciate this machine, what is its 1 point book value at the end of year 2? Your answer Which depreciation method depreciates faster? Straight line Declining balance 1 point