Done < AA 8 Ch 8 Homework ezto.mheducation.com Help Save & Exit Submit 4 Part 2 of 2 Required information [The following information applies to the questions displayed below) Tory Enterprises pays $249,400 for equipment that will last five years and have a $44,700 salvage value. By using the equipment in its operations for five years, the company expects to earn $89,600 annually, after deducting all expenses except depreciation. Calculate annual depreciation expense using double-declining-balance method. Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the total five-year period, assuming double-declining-balance depreciation is used. Complete this question by entering your answers in the tabs below. Depreciation Income Schedule Computation Calculate annual depreciation expenses using double-declining-balance method. (Round Annual Depreciation to the nearest whole dollar.) Year Depreciation for the Period Beginning of Period Book Depreciation Annual Rate Depreciation End of Period Accumulated Book Value Depreciation Value Year 1 $ 249,400 Year 2 Year 3 Year 4 Year 5 Total Income Computation > 22%