please explain step to step how to solve for this problem. i would like steps to all the calchlation as well as why would we do this and that that way i can learn from it. thanj you

Sheridan Company purchased a machine for $65400 on July 1, 2020. The company intends to depreciate it over 8 years using the double declining balance method. Salvage value is $5200. Depreciation for 2020 to the dosest dollar is $32700 $16350 $14306 $8175