2. On January 1, Year 1, Sunshine Corp. purchased a machine that cost $170,000. The equipment is estimated to have a 5-year life and a salvage value of $40,000. Required: a) Compute the amount of depreciation expense using the double-declining-balance method for: 1) Year 1 (3 points) (2) Year 2 (3 points) b) Compute the amount of MACRS depreciation for the above equipment for Year 1 assuming the property is 5-year property and the MACRS percentage is 20%. (4 points)