24 21 points 01:51:14 unset Unlimited bought a machine for $74,000 cash. The estimated useful life was five years and the estimated residual value was $8,000. Assume that the estimated useful life in productive units is 207,000. Units actually produced were 55,200 in year 1 and 62,100 In year 2. Required: 1. Determine the appropriate amounts to complete the following schedule. 2-a. Which method would result in the lowest net income for year 1? 2-b. Which method would result in the lowest net income for year 2? 3. Which method would result in the lowest fixed asset turnover ratio for year 1? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 28 Req 3 Determine the appropriate amounts to complete the following schedule. (Do not round intermediate calculations. Round final answers to the nearest whole dollar.) Method of Depreciation Depreciation Expense Year 1 $ 13,200 $ 17,664 Year 2 $13,200 $19.872 of Year 1 Straight-line Units-of-production Double-declining-balance $ 14,800 $ 11,840 Best Book Value at the End $ 60,800 Year 2 $ 47,600 O $ 56,336 $ 36,464 $ 59.200 $ 47,360 Req 2A > Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3 Which method would result in the lowest net income for year 1? Straight-line Units-of-production ODouble-declining-balance Req 1 Req 2A Req 2B Req 3 Which method would result in the lowest net income for year 2? Double-declining-balance Straight-line OUnits-of-production Req 1 Req 2A Req 2B Req 3 Which method would result in the lowest fixed asset turnover ratio for year 1? Units-of-production ODouble-declining-balance Straight-line