Please, help me with the following question:

Computing Straight-Line and Double-Declining-Balance Depreciation

On January 2, Haskins Company purchases a laser cutting machine for use in fabrication of a part for one of its key products. The machine cost $95,000, and its estimated useful life is five years, after which the expected salvage value is $5,000. For both parts (a) and (b) below: (1) Compute depreciation expense for each year of the machine's five-year useful life under that depreciation method. (2) Use the financial statements effects template to show the effect of depreciation for the first year only for that method.

The full question is in the attachment below:

On January 2, Haskins Company purchases a laser cutting machine for use in fabrication of a part for one of its key products. The machine cost $95,000, and its estimated useful life is five years, after which the expected salvage value is $5,000. For both parts (a) and (b) below: (1) Compute depreciation expense for each year of the machine's five-year useful life under that depreciation method. (2) Use the financial statements effects template to show the effect of depreciation for the first year only for that method. (a) Straight-line $Answer per year Balance Sheet Cash Noncash Contributed Earned + = Liabilities + + Asset Assets Capital Capital Transaction Record straight0 line depreciation Income Statement Revenue - Expenses = 0 0 Net Income 0 (b) Double-declining Year Depreciation Expense $ 1 0 2 3 4 5 $ 0 $ 0 $ 0 $ 0 0 0 0 Balance Sheet Cash Noncash Contributed Earned Transaction + = Liabilities + + Asset Assets Capital Capital Record 0 0 0 0 0 depreciation Income Statement Revenue - Expenses = 0 Net Income 0