3. (8 points) Robert Parish Corporation purchased a new machine for its assembly process on January 1, 2014. The cost of this machine was $215,900. The company estimated that the machine would have a salvage value of $15.900 at the end of its service life. Its life is estimated at 4 years, and its working hours are estimated at 40,000 hours. Year-end is December 31 Instructions Compute the depreciation expense under the following methods and complete the depreciation schedules below (a) Straight line depreciation (b) Activity method for 2014 and 2015, assuming that machine usage was 15,000 hours for 2014, 11, 710 hours for 2015, 12,150 hours for 2016 and 1,140 hours for 2017 (c) Sum-of-the-years-digits. (d) Double-declining-balance Straight-line Year Cost Book Value. Beginning Depreciation Expense Accumulated Depreciation deprexp. Book Value, Ending Cost-A/O 1 2 3 4 Units-of-Production (Activity) Year Book Value Beginning Accumulated Depreciation Cost Depreciation Expense Book Value, Ending CAD deprese 1 2 3 4 Sum-of-the-Years' Digits O erced.edu/courses/18037/assignments/207053?module_item_id=153472 Page 3 > of 5 ZOO 2 3 4 Sum of the Years' Digits Year Book Value, Beginning Cost Depreciation Expense Accumulated Depreciation depresp. Book Value, Ending Cost-AD 1 2 3 4 Double Declining Balance Year Book Value Beginning Depreciation Expense Accumulated Depreciation depreco Book Value, Ending Cost A/D Cost 2 3 4 O EI