Walnut Ridge Production Inc. purchased a new computerized video-editing machine at a cost of $370,000. The system has a residual value of $57,500 and an expected life of 5 years. Required: 1. Compute depreciation expense, accumulated depreciation, and book value for the first 3 years of the machine's life using: a. The straight-line method. Depreciation Accumulated End of Year Expense Depreciation Book Value 2 3 b. The double-declining-balance method. Depreciation Accumulated End of Year Expense Depreciation Book Value 1 2 3.