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26. A machine cost $1,000,000 on January 1, 2021. Its estimated salvage value is $200,000 and its expected life is ten years. Instructions (10 points)

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26. A machine cost $1,000,000 on January 1, 2021. Its estimated salvage value is $200,000 and its expected life is ten years. Instructions (10 points) Calculate the depreciation expense (to the nearest dollar) by each of the following methods. (a) Straight-line for 2021 (b) Double-declining balance for 2021 and 2022 (c) Sum-of-the-years-digits for 2021 and 2022

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