$24,500. Its estimated residual value was $7,500 at the end of an estimated 5 -year life. I he company expects to produce a total of 10,000 units. The company produced 950 units in 2021 and 1,400 units in 2022. Required: a. Calculate depreciation expense for 2021 and 2022 using the straight-line method. b. Calculate the depreciation expense for 2021 and 2022 using the units-of-production method. c. Calculate depreciation expense for 2021 through 2025 using the double-declining balance method. Complete this question by entering your answers in the tabs below. Calculate depreciation expense for 2021 and 2022 using the straight-line method. Duluth Ranch, Incorporated purchased a machine on January 1, 2021. The cost of the machine was $24,500. Its estimated residual value was $7,500 at the end of an estimated 5-year life. The company expects to produce a total of 10,000 units. The company produced 950 units in 2021 and 1,400 units in 2022. Required: a. Calculate depreciation expense for 2021 and 2022 using the straight-line method. b. Calculate the depreciation expense for 2021 and 2022 using the units-of-production method. c. Calculate depreciation expense for 2021 through 2025 using the double-declining balance method. Complete this question by entering your answers in the tabs below. Calculate the depreciation expense for 2021 and 2022 using the units-of-production method. (Do not ro calculations. Round your final answers to the nearest whole dollar.) Duluth Ranch, Incorporated purchased a machine on January 1, 2021. The cost of the machine was $24,500. Its estimated residual value was $7,500 at the end of an estimated 5-year life. The company expects to produce a total of 10,000 units. The company produced 950 units in 2021 and 1,400 units in 2022. Required: a. Calculate depreciation expense for 2021 and 2022 using the straight-line method. b. Calculate the depreciation expense for 2021 and 2022 using the units-of-production method. c. Calculate depreciation expense for 2021 through 2025 using the double-declining balance method. Complete this question by entering your answers in the tabs below. Calculate depreciation expense for 2021 through 2025 using the double-declining balance method. (Rou to nearest whole dollar.)