please help ans show the steps. im having trouble calculating the accumulated depreciation at year - end.

A machine can be purchased for $247,000 and used for five years, yielding the following net incomes. In projecting net incomes, double-declining depreciation is applied using a five-year life and a zero salvage value. Year Year 2 Year 3 Year 4 Year 5 Net income $18,000 $36.000 $76,000 $48,000 $124,000 Compute the machine's payback period ignore taxes). (Round payback period answer to 3 decimal places.) Computation of Annual Depreciation Expense Annual Depr. (40% Accumulated of Book Value) Depreciation at Year-End Year Beginning Book Valur Ending Book Value 1 98,800 2. 247.000 148.2001 88,920 98.800 59,280 148.200 88,920 3 4 5 Annual Cash Flows Year Net Income Depreciation Net Cash Flow Cumulative Cash Flow $(247.000) 0 1 2 3 4 ,00 59.280 5 (247.000) 18.000 36,000 76,000 48.000 124.000 70,000 48.000 124.000 76,000 124.000 248.000 5 Payback period years A machine can be purchased for $247.000 and used for five years, yielding the following net incomes. In projecting net incomes. double declining depreciation is applied using a five-year life and a zero salvage value. Year 1 Year 2 Year 3 Year 4 Year 5 Net income $18,000 $30,000 $76,000 $48,000 5124,000 Compute the machine's payback period (ignore taxes) (Round payback period answer to 3 decimal places.) Year Ending Block Value Computation of Annual Depreciation Expense Beginning Annual Depr. (40% Accumulated Book Value of Book Value) Depreciation at Year-End 247,000 98,800 99,800 148.200 59,280 88.920 1 2 148.200 88.920 3 4 5 Annual Cash Flow Year Net income Depreciation Net Cash Flow Cumulative Cash Flow $ (247.000) O 5 1 98.800 59,280 2 (247.000) 18.000 36.000 75.000 48.000 124,000 3 76.000 4 48.000 75.000 124.000 248.000 5 124.000 Payback period years