Depreciation Method (Straight-Line Method and Double-Declining Balance Method) Please use the provided information to prepare the Depreciation Table (Straight-Line Method; Double Declining Balance Method; and Sum of Digit Method) Company Information: Company purchased Equipment for business purpose in the amount of $65,000, estimated salvage value $8,000, useful life 5 years. [1] Straight Line Method Year Book Value Depreciation Expense Depreciation Rate Annual Depreciation Accumulated Depreciation 1 20% 2 20% 3 20% 4 20% 5 20% [2] Double Declining Balance Method Year Book Value Beginning Balance Declining Annual Accumulated Depreciation Depreciation Depreciation Rate 1 40% N 40% 3 40% 4 40% 5 40%