Problem #3 - Depreciation Methods A machine which cost $500,000 is acquired on January 1, 2017. Its estimated salvage value is $50,000 and its expected life is eight years. Instructions (1) Calculate depreciation expense and complete the following schedules for 2017 and 2018 by each of the following methods. Use Excel Answer Sheet. A Straight Line Depreciation B. Sum of the Years Digits C. Double-declining balance STRAIGHT - LINE Year Depreciation Expense Accumulated Depreciation Book Value 2018 had Depreciation Expense Acumulated De Deprecation Expense Atelier SUM OF THE YEAR DIGITS Ye Depredable Base Depreciation Rate Depreciation Expense Accumulated Depreciation