The Upatheka Company acquired equipment for $500,000. The industrial engineer estimated that the equipment would last four years and sell for $50,000 afterward. The Internal Revenue Service rated the equipment as a three-year asset. The economic forecast predicted the following sales level. Year 1 Year 2 Year 3 Year 4 Required: Prepare depreciation schedule assuming that management applies the double-declining method. 3,000 4,000 5,000 3,000