(17-20 minutes) tof A machine was acquired by Gordon Ltd. on January 1, 2022, at a cost of $80,000. The machine was originally estimated to have a residual value of $5,000 and an estimated life of 5 years. The machine is expected to produce a total of 100,000 components during its life, as follows: 15,000 in 2022, 20,000 in 2023, 20,000 in 2024, 30,000 in 2025, and 15,000 in 2026. Calculate the amount of depreciation to be charged each year, using each of the following methods: Do NOT use commas, $ signs or % signs, or brackets in any numerical "small box" answers. Straight line method 1) What is the depreciation expense for 2022? $ ? What is the carrying value at December 31, Straight line method 1) What is the depreciation expense for 2022? $ 2) What is the carrying value at December 31, 2023? $ 3) What is the carrying value at December 31, 2026? $ Units of production 4) What is the depreciation expense for 2022? $ 5) What is the accumulated depreciation at December 31, 2023? $ 6) What is the carrying value at December 31, 2026? $ liminishing balance (Twice the depreciation at December 31, 2023? $ 6) What is the carrying value at December 31, 2026? $ Double diminishing balance (Twice the straight line rate) 7) What is the depreciation rate for this asset? % 8) What is the carrying value amount of this asset at December 31, 2022? $ 9) What is the depreciation expense for 2023? $ 10) What is the carrying value of the asset at end of its life? $ 11) Which method results in the highest depreciation expense during the first two years