computing aquisition cost and recording depreciation under three alternative methods

At the beginning of the year, Buffalo Machinery bought three used machines. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Details for Machine A are provided below. 6. Compute years 1 and 2 double-declining-balance depreciation expense for Machine C, which has a cost of $25,700, an estimated life of 10 years, and $1,400 residual value