A company purchased a machine on January 1 of the current year for $750,000. Calculate the annual depreciation expense for each year of the machine's life (estimated at 5 years or 20,000 hours, with a salvage value of $75,000) using each of the below-mentioned methods.During the machine's 5-year life its hourly usage was: 3,000; 4,000; 5,000; 5,000; and 3,000 hours.

Double-

Units-of- Declining-

Year Straight-line Production Balance

Year 1 $__________$___________ $___________

Year 2 _____________________ ___________

Year 3 _____________________ ___________

Year 4 _____________________ ___________

Year 5 _____________________ ___________

Total _____________________ ___________