1 Q1 On January 1, 2021, Locke Company, a. 2 small machine-tool manufacturer, acquired for $7,750,000 a plece of new industrial 3 equipment. The new equipment had a useful life of 10 years, and the salvage value 4 was estimated to be $550,000 Locke estimates that the new equipment can produce 5 Use the following depreciation methods to calculate the depreciation expense for 2021, 2022, and 2023 (1) Straight-line, (2) Double-declining balance, (3) Sum-of-years-digits. 9 10 200 W 6 7 8