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Problem 9-09A Marigold Corporation purchased machinery on January 1, 2022, at a cost of $266,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $31,600. The company is considering different depreciation methods that could be used for financial reporting purposes. Your answer is partially correct. Try again. Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate. STRAIGHT-LINE DEPRECIATION Computation Depreciable Cost X Depreciation Rate = Annual Depreciation Expense End of Year Years Accumulated Depreciation Book Value 1 2022 234,400.00 58,600.00 $ 58,600.00 207,400.00 2023 T 234,400.00 T 58,600.00 | 117,200.00 | 148,800.00 2024 T 234,400.00 58,600.00 175,800.00 90,200.00 2025 234,400.00 | 58,600.00 234,400.00 T 31,600.00 $ 234,400.00 DOUBLE-DECLINING-BALANCE DEPRECIATION Computation Years Book Value Beginning of Year x Depreciation Rate = Annual Depreciation Expense End of Year Accumulated Depreciation Book Value 2022 266,000.00 50 133,000.00 133,000.00 133,000.00 2023 | 133,000.00 T 66,500.00 199,500.00 T66,500.00 2024 T 66,500.00 33,250.00 232,750.00 T 33,250.00 2025 T 500 1,650 * 234,400.00 31,600.00 234,400.00 * Depreciation expense for 2020 under Double declining-balance is adjusted so that ending book value is equal to salvage value