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Current Attempt in Progress Culver Company purchased a machine at a cost of $87,000. The machine is expected to have a $5,500 salvage value at the end of its 5- year useful life. (a) Compute annual depreciation for the first and second years using the straight-line method. (b) Straight-line method $ Save for Later Year 1 Double-declining-balance method $ $ Year 1 Year 2 Compute annual depreciation for the first and second years using the double-declining-balance method. Attempts: 0 of 1 used Year 2 Submit