Computing and recording straight-line versus double-declining-balance depreciation Exercise 6-9 LO 6-3 a new computerized drill press for At the beginning of 2014, Metal Manufacturing purchased $75,000. It is expected to have a five-year life and a $15,000 salvage valuo Required a Compute the depreciation for each of the five years, assuming that the company uses (1) Straight-line depreciation purchase of the drill press and the depreciation expense for the first year under model like b. Record the the straight-line and double-declining-balance methods in a financial statements the following one: Assets Equity Rev. - Exp. = Net Inc. Cash Flow Cash + Drill Press - Acc. Dep. = Ret. Earn