On January $2,2024,$ the Jackson Company purchased equipment to be used'in its manufacturing process. The equipment has an estimated life of eight years and an estimated residual value of $$33,875.$ The expenditures made to acquire the asset were as follows:Jackson's policy is to use the double$-$declining$-$balance $($DDB$)$ method of depreciation in the early years of the equipment's life and then switch to straight IIne halfway through the equipment's life.

Required:

Calculate depreciation for each year of the asset's elght$-$year life.

Are changes in depreclation methods accounted for retrospectively or prospectively?

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Calculate depreciation for each year of the asset's eight$-$year life.

$\backslash$table$[[$Depreciation for the Period,End of Period$],[$Year$,\backslash$table$[[$Beginning of$],[$Period Book$],[$Value$]],\backslash$table$[[$Depreciation$],[$Rate$]],\backslash$table$[[$Annual$],[$Depreciation$]],\backslash$table$[[$Accumulated$],[$Depreciation$]],$Book Value,,,,$],[2024,,,,,,,,,],[2025,,,,,,,,,],[2026,,,,,,,,,],[2027,,,,,,,,,],[2028,,,,,,,,,],[2029,,,,,,,,,],[2030,,,,,,,,,],[$Total$,,,,,,,,,]]$