1. Green Pharma recently brought a new drug to market. In 2020, it spent 875,000 on research and development for the drug, 100,000 for fees related to the filing of the patent, 75,000 defending a lawsuit to defend the patent, and 60,000 in other capital costs related to the patent. At what amount should the patent be recorded? 2. Hella Fine Co. purchased a piece of production machinery for $600,000. It expects the machine will operate for 8 years and produce 1,000,000 units over its useful life. At the end of this useful life, HFC expects it will be able to sell the machine for 30,000. Calculate the annual depreciation expense under the straight-line method. 3. Hella Fine Co. purchased a piece of production machinery for $600,000. It expects the machine will operate for 8 years and produce 1,000,000 units over its useful life. At the end of this useful life, HFC expects it will be able to sell the machine for 30,000. Calculate the depreciation expense for Years 1 and 2 under the units-of-production method. Assume the machine will produce 200,000 units in its first year and 175,000 in its second year