0 Required Information CP9-1 (Algo) Computing Acquisition Cost and Recording Depreciation under Three Alternative Methods (LO 9-2, LO 9-3) The following information applies to the questions displayed below) At the beginning of the year, Phantom Industries bought machinery, shelving, and a forklift. The machinery initially cost $26,000 but had to be overhauled (at a cost of $1,280) before it could be installed (at a cost of $640) and finally put into use. The machinery's total life was estimated as 40,000 hours, with an estimated residual value of $1,000. The machinery was actually used 5,000 hours in year 1 and 7,000 hours in year 2. Repair costs were $360 in each year. The shelving cost $9,350 and was expected to last 5 years, with a residual value of $610. The forklift cost $11.250 and was expected to last six years, with a residual value of $2,020. CP9-1 (Algo) Part 2 2. Compute year 2 units of production depreciation expense for the machinery (Do not round Intermediate calculations.) Yeat 2 units of production depreciation expense