i really need help and if you could include the formulas you used, it would be extremely helpful. thank you

Novak Corporation purchased machinery on January 1, 2025, at a cost of $272,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $32,200. The company is considering different depreciation methods that could be used for financial reporting purposes. (a) 8 Your answer is partially correct Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining balance method using double the straight-line rate. DOUBLE-DECLINING-BALANCE DEPRECIATION DOUBLE-DECLINING-BALANCE DEPRECIATION End of Year = Annual Depreciation Expense Accumulated Depreciation Book Value 50% $136000$136000 50% 102000 50 \%