In Progress Pina Colada Corp purchased a new machine for $412.500. It is estimated that the machine will have a $39.000 salvage value at the end of its 5-year useful service life. The double declining balance method of depreciation will be used Prepare a depreciation schedule that shows the annual depreciation expense on the machine for its 5 yearite End of Year Book Value Beginning of Year Annual Depreciation Expense Year Accumulated Depreciation Book Value End of Year 1 5 $ 5 2 3 5 14460 Adjusted to $14.460 because ending book value should not be less than expected salvage value