I NEED HELP WITHT THE STRAIGHT LINE SWITCH OVER PART AT THE BOTTOM. NOT THE OTHER SECTIONS! THANKS :)

Computing Depreciation Expense

Equipment costing $290,000, with an expected scrap value of $30,000 and an estimated useful life of five years, was purchased on January 1, 2016.

Calculate the depreciation expense for years 2016 to 2020 using

Round to the nearest whole number.

	2016	2017	2018	2019	2020
Straight-line depreciation	$Answer	$Answer	$Answer	$Answer	$Answer
Double-declining balance
(a) without straight-line switch-over	$Answer	$Answer	$Answer	$Answer	$Answer
(b) with straight-line switch-over	$Answer	$Answer	$Answer	$Answer	$Answer

Which method is typically preferred for:

(a) income tax purposes?	AnswerDouble-declining balanceStraight-line method Correct 1.00 points out of 1.00
(b) financial reporting purposes?	AnswerDouble-declining balanceStraight-line method