Question: Please help and show your steps for the following question: McDonald's purchased a new McFlurry machine for $40,000. Its estimated life is 4 years, ad

Please help and show your steps for the following question:

  1. McDonald's purchased a new McFlurry machine for $40,000. Its estimated life is 4 years, ad will have a residual value of 2,000. Calculate the Annual depreciation expense for all 4 years under the straight line method and the double declining balance method.

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