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3 ) Katie's Garden Company purchased a machine on July 1 , 2 0 1 9 . The machine cost $ 2 0 0 ,

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3) Katie's Garden Company purchased a machine on July 1,2019. The machine cost $200,000 and has an estimated residual value of $20,000. The expected useful life is 8 years. The machine is to be used for 100,000 machine hours.Required:1. Calculate the depreciation expense for 2019 and 2020 using the straight-line method.2. Calculate the depreciation expense for 2019 and 2020 using the units-of-production method. The machine was used for 8,000 machine hours in 2019 and 23,000 machine hours in 2020.3. Calculate the depreciation expense for 2019 and 2020 using the double-declining-balance method.
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