Segman Company purchased a machine on January 2 for \($24.300\). The machine has an expected useful life of three years and an expected salvage value of 5900. The company expects to use the machine for 1,400 hours in the first year, 2,000 hours in the second year, and 1.600 hours in the third year.

Required

a. Calculate the depreciation expense for each year using each of the following depreciation methods: (1) straight-line, (2) units-of-production (assume that actual usage equals expected usage), (3) double- declining balance.

b. Assume that the machine was purchased June |. Calculate the depreciation expense for each year using the following depreciation methods: (1) straight-line, (2) double-declining balance.