On April 2, 2014, LiveReel Media purchased for $588,000 machinery having an estimated useful life of 10 years with an estimated residual value of $56,000. The company€™s year-end is December 31. Depreciation is calculated using the half-year rule.

Required
Complete the followingschedules:

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2014 2015 2016 1. Double-declining-balance method .. . Machinery Less: Accumulated depreciation.... Depreciation expense for the year.. Machinery. 2. Straight-line method Less: Accumulated depreciation.... Depreciation expense for the year..